Title: The China Syndrome
culion - March 6, 2007 11:55 AM (GMT)
China Precision broke below $0.375 support decisively with increased volume on 14/2. Till today, even the previous low can't hold onto support at $0.265 . Biosensors shows a similar parallel channel, with all 20/50/200days Ema tagging along closely. 28/2 world market tumble has caused $0.83 to loss support
ADX remains rising while DI is negatively placed. Daily MACD continues to turn down without divergence. As of now, a potential strong trend (in this case, bearish) is underway and we could possibly see a touch of $0.58 again..
ADX remains rising while DI is negatively placed. Daily MACD continues to turn down without divergence. As of now, a potential strong trend (in this case, bearish) is underway and we could possibly see a touch of $0.58 again..
culion - March 7, 2007 12:27 PM (GMT)
2007-03-05 The China Syndrome (Cont.)
Luzhou looks similar too - range-trade followed by a breakout below $0.76 lower channel support. Fabchem is a little different (only that trading range is "wilder"), but has equally broke below critical support at $0.53
Overall, they just dun look good...
Luzhou looks similar too - range-trade followed by a breakout below $0.76 lower channel support. Fabchem is a little different (only that trading range is "wilder"), but has equally broke below critical support at $0.53
Overall, they just dun look good...