Monday, December 6, 2010
SIA Engineering
SIA Engineering: CIMB has Technical Sell Call. Note that stock is looking bearish now following its price breakdown of its long term uptrend support line, with Prices continuing to trade below its moving averages. Bearish on stock for the medium term, as long as prices stay below the support turned resistance line at $4.55. Tipsthat prices could test the 200-day SMA at $4.01 soon, where a break could lead to more selling. The next support is at $3.64-3.70 levels.
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