Sakari Resources rebound from the recent low of $1.16 and attempt to break the 20D SMA resistance at one time. Unfortunately, the bear prevents Sakari to recover to above $1.40. 20D SMA proved to be a tough resistance to crack since the down trend started in Mar 2012 and Sakari Resources had failed for the 3rd time. Current chart is showing a clear down trend with 20D, 50D and 200D SMA all trending down. 2/5 EMA are showing bearish signal on both daily and weekly chart. More downside ahead if $1.16 support is broken.

Note: Watch out the Net Operating Cash Flow in the coming earning. The Net Operating Cash Flow drops from $128.3 Million (4th Quarter 2011)”to -$16.7 Million (1st Quarter 2012).