Sound Global is testing an important resistance at about $0.845. This level is a combination of 3 Moving Averages and also 78.6% Fibonacci Retracement Level. Failing to break above this resistance may trigger a down trend chart pattern for Sound Global. Next immediate support is at $0.70 followed by $0.60, a more attractive entry level for long term investing for this water treatment company.
- Post author:Marubozu
- Post published:December 12, 2010
- Post category:Sound Global
- Post comments:0 Comments