Friday, May 18, 2012

SembMar (technical)

SembMar: Counter is currently trading on 200 day MA support lvl. Indicators have not yet turned, though MACD turning positive, others RSI and Stochastics are still heading lower. A failure swing (reversal is likely) will form if the RSI retraces. ADX indicates strong downtrend still in play. See nxt support at $4.11 lvls

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