Thursday, August 28, 2014
Valuetronics: For now, the key indicators are sliding, hence the counter appears to be on the down leg , within a longer term uptrend. Immediate support is at $0.48 (50day MA), though if the level fails to hold, share price could pullback further to the next support at $0.44. The stock is likely consolidating now after the recent sharp run up. Bullish traders may consider entry when the slide in the indicators has played out and is reversing back up.