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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