China Minzhong: the stock closed above the $1 resistance level on strong volume yday and today’s positive open may spur further momentum in the counter. Next resistance is at $1.10.
The stock likely bottomed out in mid-Dec, and the 20 and 50-day moving averages are now tilting upwards again, which suggests the longer term technical outlook has turned positive.
Initial support at $1, with followed by a firmer support level at $0.90.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment