It has continued to slide down along its downtrend channel with these bearish developments:
1. Sell calls from brokers
2. Breakdown gap with long black (red) candlestick
3. Three Black Crows candlesticks
4. All indicators have no sign of reversal yet
Possible support at 0.33 which is the lower price band.
Synear ($0.58, 20080307):
A new set of bearish signals has emerged: (1) Death Cross which appeared on 20080225 as an early warning signal; (2) Sell signal on 20080226 and (3) Declining MFI, RSI and TRIX.
A new set of bearish signals has emerged: (1) Death Cross which appeared on 20080225 as an early warning signal; (2) Sell signal on 20080226 and (3) Declining MFI, RSI and TRIX.
Synear ($0.68, 20080229):
Despite the rebound from 0.64 to 0.68 on last Friday (20080229), all its indicators are still very weak. It is currently in a downtrend channel started some 4 months ago. Possible to break below current support at 0.61:
Despite the rebound from 0.64 to 0.68 on last Friday (20080229), all its indicators are still very weak. It is currently in a downtrend channel started some 4 months ago. Possible to break below current support at 0.61:
