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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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Thursday, June 4, 2009

Swissco - Potential upside

Swissco closed at 0.645 with lower volume. Base on the past few days' transaction, we are able to see the price move down with significantly lower volume. This may signal that less people are willing to sell at a lower price.

Base on the candles, there is uncertainty on today's trade, both sellers and buyers are unable to gain an upper hand and the price continued to be support at 0.635 (for past three days).

Currently the uptrend is still intact. If the price closed above 0.65 tomorrow with higher volume, it will show an entry signal with potential upside base on our setups. Stop level will be just below 0.635.

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