Mirach Energy (technical)

Mirach Energy: the Aug rebound looks like it has petered out, with today's gap down. The short term trend may be turning back negative, with the key indicators flipping back down. In particular, Stochastics has cut down from overbought levels. A close below the $0.20 (50day MA) would bode negatively for near term price action, with $0.16 as support. Upside may be capped at the $0.24 resistance.