Monday, April 21, 2014

SIIC Environment

SIIC Environment: has retraced back to nearly its 50% Fibonacci level (based on 1 yr chart) . The stock is showing signs of bottoming out after touching the $0.135 low, with the key indicators are starting to tilt up from oversold levels. Traders may ride the positive momentum at current levels, with a view to ride the recovery till the $0.17 levels. Risk-reward is attractive relative to the stop loss level of $0.133.

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