Wednesday, April 2, 2014

Sino Grandness (technical)

Sino Grandness: has been trading range bound for nearly the past year, between its record high price ($0.80) and 23.6% Fibo retracement level ($0.64), and is currently consolidating just below the 200day moving average ($0.71). The indicators have just started to turn positive, with MACD and Stochastics tipping up from negative/oversold levels, and RSI breaking above the neutral zone. Possible technical-based entry now for $0.80 objective, with cut loss if price dips below $0.64.

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