Monday, October 18, 2010

Sound Global

Sound Global: CIMB has technical Buy call, highlights that counter broke out of its wedge resistance few days ago. Notes that prices could consolidate sideways in the near term, but once consolidation is over, expect prices to test $0.91 and $0.97…..

MACD histograms are bout to turn positive while RSI is also above the 50 pts mark. Tips near term support at $0.78.

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