Thursday, October 10, 2013

CNA (technical)

CNA: the sharp recovery over the past three days has lifted the counter back up above 200day moving average, which may be viewed as a positive indication. Meanwhile the Stochastic and RSI indicators have also surfaced from oversold levels. Momentum may see the counter test the $0.18 resistance. Support at $0.14, and a break below that may warrant a negative re-look.

No comments:

Post a Comment