Sky One Holdings: CIMB Technicals notes, the rally that started in Nov is starting to weaken. The candles have been small in size for the past three weeks.
Also sees a bearish divergence signals on both its MACD and RSI, which suggests that the upward momentum is waning. The sell signals on both indicators also call for weaker prices in the near term.
Says, the stock is a sell now and only a rally above $0.111 on strong volume would delay the correction. Prices could pullback towards $0.075-0.09 range to consolidate the Oct–Nov run.
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