08
Nov
2009
The stock could easily recover to the 1.062 range. However there is no sign of the completion of the downward trend that commenced in August. Hold on with a stop-loss at 0.975 . Fresh exposures may be avoided. A close above 1.065 would indicate that the earlier downward trend is complete and that the stock is headed towards higher levels of the 1.18-1.2 range.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
