The SIF5 shares price evolution from the last four months is framed by an ascending channel whose limits act as support and resistance.
This, together with the 2011 summer highs from 1.4500 RON area, establish a strong resistance for the price and, in case of a correction, the first target will be around the 1.3580 RON level, given by Fibonacci retracement of 61.8%.
The volumes down in recent days attest the weaker interest of investors but this fact can be only a break in the investor's positive sentiment.
No comments:
Post a Comment