EXT excite technology services ltd

tech analysis leads to short term downturn, page-11

  1. 4,582 Posts.
    BeerBaron

    ....."Time to take short term profits?"..........

    Or in my case,time to add more on further weakness.

    Sure,it may drop substantially from here for all sots of reasons (the main one being profit taking on fear of further market falls IMO).

    The main feature I have noticed on the daily chart is the intra day drops on April 17 and May 27.
    Both times bounced off the 50 day EMA which is currently at about $5.45.
    That's where I'll be looking to add substantially if it drops that far!


    But as Chalea (I think) says,news trumps technicals and ,man,do we ever have some news coming!


    Cheers!
 
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