Thursday, April 25, 2013

Wee Hur (technical)

Wee Hur: appears to have found support at the 50% Fibo level, having bounced off the $0.43 level. The indicators have started to hook up from oversold levels which bodes positively for near term price action. The 20day MA may begin to tilt back up again, which would add a confirmation of the positive momentum. If resistance at $0.47 is broken, the stock may test $0.525 next (coincide with the 50day MA peak in Mar).

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