Shares & Derivatives
Stock Chart: Informatics, Yangzijiang!
By Dou  •  November 29, 2010

On Monday, Informatics continues to trend downwards and closed at $0.135 with LOW volume of 1.64 million shares traded.

A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Both RSI & MACD are neutral as MACD lines are conversed together.

Important Resistance of Informatics: $0.15

Immediate Support of Informatics: $0.125

Currently prices are resisted by 20/50/100 days MA.

Ever since Informatics reaches the high of $0.215, the enthusiasm of the investors had dry off.

For the duration of 4 months, prices had fallen almost half from $0.215 to the current price of $0.135.

MACD/RSI are showing signs of easing in selling pressure and the last critical gate of $0.125 support is expected to be very strong.

Thus do watch for ...

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By Dou
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