Monday, June 17, 2013

Swing Media (technical)

Swing Media: the stock is hovering around a key $0.115 level (200 day MA). A close above $0.115 would bode positively for near term momentum, as this will result in Stochastics and RSI hooking up. Next resistance levels at $0.12 and $0.13 in extension. Watch for a break of the $0.109 key support level, as that would result in the chart being broken in which case the stock would look poised to stay depressed for the longer term.

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