Click here to see our chart: http://www.tradingcentral.com/chart/ACRAUD140604013954.gif 0.71 is our pivot point.
Our preference: short term rebound towards 1.19.
Alternative scenario: the downside breakout of 0.71 would call for 0.53 and 0.424.
Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.94 and 1.31). Acrux is currently trading near its 52 week low at 0.85 reached on 03/06/14.
Supports and resistances: 1.406 ** 1.298 * 1.19 ** 1.081 0.85 last 0.779 0.71 ** 0.53 * 0.424 ** ---
ACR Price at posting:
78.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)