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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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Wednesday, May 9, 2007

Sky Petrol

Yesterday, its price has drop from 0.46 to 0.43 due to profit taking in the market. Today,
the market in general has rebounced, Sky Petrol has move up 0.015 to 0.445. If it continue to move up tomorrow, we will see the MACD will crossover, RSI rebounce from 30% line and stochastics crossing the 20% line. This combined signals will indicate a positive sign that it will move up further.
It is currently supported at 0.43 and immediate resistance at 0.465.

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