December 16, 2011

SINA Chart Analysis

  • SINA Month chart shows possible support between 47 - 49.50. Price closing below 47 will extend this correction.
  • 2nd chart shows price falling into the Multi-year  Trading range from were SINA gave a breakout.
  • If 47 levels does not hold on closing basis Price may move towards the lower end of the range shown in 2nd chart. 59 Now becomes a resistance level.

No comments:

Post a Comment