Friday, November 26, 2010

SIA

SIA: longer term uptrend still looks intact, and dip may present a buying opportunity. Indicators are pointing downward hence further weakness possible in the near term. But CCI and Stochastics are oversold, which means a reversal may occur soon, for prices to test $16.50 resistance again. First support at $15.33 (200MA, today’s intraday low), then at $15.

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