This is a daily chart using the 200dEMA. The support provided at 66c didn’t stand a chance and was shattered. Closing on high volume at 65c, the 200dMA at 63.5c could be tested next. If that breaks, we could see this counter’s share price diving….
About The Author
AK71 is a 38 years old business manager by profession. He started out using FA 100% in his approach to investments but it's only after learning TA that he realized his approach was incomplete. So, it's FA + TA now. He would like to retire in another few years from now. So, it would be nice to grow his wealth but, ultimately, creating a reliable stream of passive income takes precedence.
May 18, 2011
April 24, 2011
August 7, 2016