On Tuesday, SoundGlobal re-tests its major resistance at $0.78 and closed at $0.77 with LOW volume of 5.97 million shares traded.
A white candle sticks with short upper/lower shadow indicates that investors has hesitant on bringing the prices further up as it approaches the major resistance.
RSI & MACD are bullish as RSI remain trending upwards.
Important Resistance of SoundGlobal: $0.78
Immediate Support of SoundGlobal: $0.735
Currently prices are resisted by the technical / 100 days MA at $0.78
Since Jun 2010, SoundGlobal has been trending downwards (bearish) forming a “lower high” and “lower low”.
We understand that some readers may be interested in the fundamental of the company, thus we would suggest watching the resistance at $0.78.
The breakout above $0.78 will be deemed as a bullish sign since prices will be forming a “higher high” and will certainly boost the confidence of the investors.
On Tuesday, HL Asia re-tests its major support at $3.46 and closed at $3.51 with regular volume of 0.965 million shares traded.
Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue.
RSI & MACD are neutral as RSI go into flat mode.
Important Resistance of HL Asia: $3.60
Immediate Support of HL Asia: $3.46
Currently prices are resisted by the 50/ 100 days MA and supported at technical level $3.46
As of now, HL Asia simply goes into consolidation mode without much movement forming a slightly “higher high”.
Therefore we would only suggest buying when $3.60 resistance breakout or prices pullback to $3.25.
Stock Chart: SoundGlobal, HL Asia! is contributed by : Singapore Stock Information Exchange
