NIHSIN (7215)

NIHSIN has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.33 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

Nihsin closed the yesterday at its resistance of 0.345 with more than average volume. Its immediate resistance is 0.37. Once broken we can see higher levels very soon. It looks set to test its high. I heard that there will be a fund managers briefing today to highlight the positive aspects of the company going forward.
Furthermore, NIHSIN is anticipated to release a better than expected final results next week which is much better than the previous year.
Furthermore, there are talks that NIHSIN to secure some sizeable project to be announced soon.