Sound Global (technical)

Sound Global: Counter is up 4% today, on back of recenet Buy Calls by SCB and DBSV, on back of compelling valuations and a pick up in industry capex/investments by the PRC govt. Technically, share price appears to be hooking upwards from Oversold territory, with RSI and Stochastics both signalling further upside, after share price bounced off its recent low support at $0.49. The 200 day MA at $0.575 would serve as near-term resistance.