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All postings and comments are based on my personal opinion. It is purely for sharing purpose and no inducement for any buying or selling.
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Friday, April 27, 2007

Jadason

Hi. As promise, this is the current chart for Jadason. It is currently trading at 0.215~0.22 which is at it support level. Resistance will be at 0.245 and 0.285. Technically speaking, it should be moving up soon as the positive divergence is formed. Stochastics and RSI are showing sign of reversal as well.

But still need to watch out for the general market and the recent selling, I think the selling volume is quite huge. Will try to find out the reason behind it. It is no advisable to buy this stock for the time being, unless the market has rebounced and MACD has crossover above the zero centerline.

1 comment:

Anonymous said...

I bot at 0.24, so should hold first?