Following up on the previous post on Sound Global. A Head and Shoulders are formed and the neckline at $0.77 was broken with a gap down & huge selling volume last Friday. Price target of this breakdown is $0.51.
Sound Global is currently trading below 20D, 50D and 200D MA.
Midas looks like breaking Down from Symmetrical Triangle with a price target of $0.58. Other Technical Indicators are supporting this bearish trend. Also take note the Swiber is currently trading below 20D, 50D and 200D MA.
Swiber is currently trading in a Symmetrical Triangle and looks like going to breakdown. Technical indicators are showing weakness:
Base on current chart pattern and technical indicators, it looks like Swiber has higher chance of breaking down. Price target of breakdown from this Symmetrical Triangle is $0.64.
