Saturday, October 20, 2007

Sino TechFibre

Sino TechFibre ($0.885, 20080104):

Closed with 52-week low. Price action and all indicators are very bearish:


Sino TechFibre ($1.27, 20071019):

Price crossed into the lower price band and touched the lower price line which served as a good support on last Friday. A sell signal had appeared recently and with the rapidly deteriorating indciators, it is expected to dip further below the support at 1.24 in the coming weeks: