DMX Tech: Forming A Falling Wedge
July 6th, 2010 by Marubozu
DMX Tech is forming a Falling Wedge and currently testing the 20D & 50MA support. Current chart pattern looks bearish:
- The stock has broken the 61.8% Fibonacci Retracement support at $0.35.
- Lower Low, Lower High chart pattern is formed.
- 200D MA line start to turn the direction towards south.
- 50D MA line is on the down trend.
