ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. However the upward movement has encountered resistance at the level of 0.255. Traders should pay special attention to the price and volume behavior in order to determine whether this resistance level can be broken decisively for ZELAN to resume its upward movement. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
thinkstodo
38 posts
Posted by thinkstodo > 2014-05-12 21:55 | Report Abuse
0.2 maybe kikiki