Posted by Bursa Master > 2015-07-31 01:23 | Report Abuse

NIHSIN (7215) NIHSIN has been trading above its upward sloping 20-Day Moving Average which is a good sign. However, we have to be careful as the recent price action broke the support level of 0.31. If a bearish breakout is accompanied by high volume, this indicates the unwillingness of a large pool of traders to hold on to the stock as selling pressure mounts at the support level. This bearish breakout of NIHSIN was accompanied by a lower than average volume which may give a glimmer of hope, however one has to be monitor carefully the price action in the coming sessions.