Post by zuolun on May 5, 2014 11:01:07 GMT 7
Best M&A Deal: Salcon's timely exit from China — 27 Dec 2013
Salcon — Uptrend is broken, expect more downside than upside
Salcon closed with a shooting star @ 0.735 (-0.005, -0.7%) with volume done at 2.19m shares on 2 May 2014.
Immediate support @ 0.72, immediate resistance @ 0.74.
A breakdown @ 0.72, the 61.8% FIBO retracement may back down lower low to retest the last low @ 0.63 scored on 27 Jan 2014.
Salcon (weekly) — Double Top
Salcon — Uptrend is broken, expect more downside than upside
Salcon closed with a shooting star @ 0.735 (-0.005, -0.7%) with volume done at 2.19m shares on 2 May 2014.
Immediate support @ 0.72, immediate resistance @ 0.74.
A breakdown @ 0.72, the 61.8% FIBO retracement may back down lower low to retest the last low @ 0.63 scored on 27 Jan 2014.
Salcon (weekly) — Double Top