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World Precision Machinery ST: the downside prevails as long as 0.396 is resistance
Trading Central | 2013-07-26 00:23:00

Our preference: the downside prevails as long as 0.396 is resistance.

Our pivot point is at 0.396.

Our preference: the downside prevails as long as 0.396 is resistance.

Alternative scenario: the upside breakout of 0.396 would call for 0.417 and 0.429.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.4 and 0.41).

Supports and resistances:
0.417 *
0.396 **
0.388
0.38 last
0.355
0.

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