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.
Pacific Andes is unable to break above the previous uptrend support turned resistance. PacAndes is currently trading below 20D, 50D and 200D MA. Critical support is $0.31 which is the 61.8% Fibonacci Support and also the neckline of a Head and Shoulders trend reversal chart pattern. Breaking the neckline may send PacAndes to about $0.25 level.
China Fishery has started the down trend after the stock price was unable to break above the previouos uptrend support turned resistance level. ChinaFish is also showing a “Lower Low, Lower High” down trend chart pattern. Next support is $1.75 followed by $1.625 which is the 61.8% Fibonacci Support.
