IDC 0.00% 0.0¢ indochine mining limited

bollinger bands, page-3

  1. 246 Posts.
    To add further to the TA side of the equation - Tues saw a heavy sell off (very obvious) and yesterday indecision as evident by the black spinning top EOD. The chart gives support at .12 and resistance at .165; with 20MA - .15 and 50MA - .14. RSI indicates stock very oversold after Tues's sell off and this is confirmed with SP closing at .115 ( .3 -.4 ) below the MA's. The MACD shows the SP started to decline 24 Sept at .165 ( resistance ); with signs it could further drop to the next support level of .10. Bollinger Bands are showing - lower .12 SP and upper at .18. An SP drop to below .10 would be cause for concern; but indicators are showing a trading range of .11 - .125 until the market can sort out where it's going. All IMO.
 
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