Sound Global: Testing Important Resistance

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.

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