Wednesday, January 28, 2015

M1 (technical)

M1: Marginally outside of overbought territory, with MACD showing inconclusive signs (MACD converging towards signal line, but not yet crossover), i.e. preferably wait for MACD to either diverge, or crossover for a clearer signal. Meanwhile, resistance at ~$3.80, while support at $3.65, followed by 200MA (strong support)at ~$3.60.

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