Technically, it is not looking good for PERMAJU as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. However there might be a glimmer of hope as the price just broke the resistance of 0.35. 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.
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ninicola
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Posted by ninicola > 2013-06-17 00:55 | Report Abuse
thanks for the info, bro