Monday, December 23, 2013
SMM: Trading Central notes the stock price still remains under pressure below its nearest bearish gap on 6 Nov. Both the 20-day and 50-day moving averages are heading downwards, and should continue to push the prices lower. Besides, the daily RSI stays weak below its neutrality area at 50%, without displaying any reversal signals. Therefore, as long as $4.62 (the previous high) is not surpassed, look for a test of $4.15 in the coming days, if breakout, further decline to $3.9 is more likely to occur.