Sound Global is currently trading within a down trend channel. Also take note that the long term 200D MA is trending down. Currently Sound Global is trading below 20D, 50D and 200D MA which is also a bearish sign. Sound Global has to break the 200D MA resistance or the down trend channel resistance at about $0.78 to stop the bearish trend.
Sound Global On Down Trend
- Post author:Marubozu
- Post published:May 10, 2011
- Post category:Sound Global
- Post comments:0 Comments
Tags: Down Trend Channel