Wednesday, August 29, 2012

Viz Branz (technical)

Viz Branz: Technicals look bullish after counter reversed from oversold levels on a Marubozu. Stochastics is now higher after a positive divergence and still looks to head higher. MACD is recovering from a bottom and will enter positive territory soon. RSI is also pointing up above the 50 mark. Counter will likely test resistance at $0.74-0.75 lvls within the nxt few days. Support at $0.64 region. Longer-term trend is still bullish.

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