My Pick? SINO? It's a breakout at 0.28 both on the downward line from Oct 2007 and on the upward line from Dec 2006. There's a resistance at 0.30 but major resistance is at 0.36. If 0.36 will be taken out, price action could probably lead us to 0.50. Compute risk at support which is 0.28 and reward at 0.36.
Tuesday, May 20, 2008
SINO?
My Pick? SINO? It's a breakout at 0.28 both on the downward line from Oct 2007 and on the upward line from Dec 2006. There's a resistance at 0.30 but major resistance is at 0.36. If 0.36 will be taken out, price action could probably lead us to 0.50. Compute risk at support which is 0.28 and reward at 0.36.
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