Freightlinks (technical)

Freightlinks: Do note that the recent increase in trading volumes might not provide an accurate reading of its technicals; The recent strong uptrend looks to be taking a breather after selling activity heightened at the $0.135 level, forming a near-term resistance. The strength in trend looks to be weakening alongside volumes which could be a reflection of lower buying activity, supported by the above-average volume on 2 Aug which resulted in a close below its intra-day high. RSI and Stochastics also look toppish with signs of weakening. Next support at its 20 MA at $0.109.