Thursday, August 15, 2013

Asiasons (technical)

Asiasons: Technicals are inconclusive given the lack of variance on its trend during the period from May '12 - Jun '13; Counter see near-term downside risk after a close below its 20MA yesterday, supported by the falling RSI and Stochastics. Near-term support level is at $0.92, resistance level at $0.94 on the 20MA, followed by $0.95 on the upper bollinger band.

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