Sound Global has shown a “Lower Low, Lower High” type of bearish chart pattern. The stock is currently trading below 20D, 50D and 200D MA and the next support is $0.7 which is also the 61.8% Fibonacci Support. If this $0.70 support is broken, Sound Global will start a very bearish down trend.
- Post author:Marubozu
- Post published:February 21, 2011
- Post category:Sound Global
- Post comments:0 Comments