Tat Hong (technical)

Tat Hong: the stock has just broken below a key 200day moving average and support at $1.40. With the key indicators still trending south, this bodes negatively for near term momentum. Do not rule out possibility for the stock to test the next support levels at $1.35 and $1.30 in extension. For traders looking to "trade the bounce", the $1.30 level offers firmer support.