Friday, August 17, 2012
yangzijiang, Technicals looking good, despite a downgrade to neutral by Merrill today. RSI, Stochastics and ADX all suggest further upside ahead. Prices have breached its 20 and 50 day EMA recently and is now currently testing its 200 day EMA at $1.05. A break above those levels could see recent highs of $1.10 as the near-term support.