August 16, 2012

SINA Chart analysis

  • SINA Weekly chart shows resistance at 20 Week SMA OR Middle Bollinger band
  • Daily chart too shows price testing Ichimoku cloud. So for bulls of SINA these two levels has to be broken on the upside on closing basis for a bigger move to happen.
  • Getting resisted at these levels and falling below 50 Day SMA on closing basis will be negative for Sina Bulls.

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