Today's Opening - 133
Today's High - 133
Today's Low - 128
Today's Closing - 128
This is the lowest closing since 24th Sep, 2013 with decent volumes over the past six sessions and fresh lows everyday during this period.
The 12, 26-day Moving Average Convergence Divergence continues to remain negative since 29th Oct.
The 2-day Relative Strength Index has continued to remain below 50% since 29th Oct.
The Negative Directional Index has been stronger than the Positive Directional Index since 29th Oct.
The 20-day Commodity Channel Index has been negative since 4th Jan.
The 10-day Rate Of Change has been negative since 4th Jan.
The closing has been below the 5-day Exponential Moving Average for the past six sessions.
I'd mentioned in my post on 18th Dec that 146 & 131 are crucial support levels for this stock. However, now with both 146 and 131 broken convincingly, the next support for the stock is expected only at 100 now. Having lost more than 11% over the past two weeks, the stock might try to consolidate at the current level for the next 1-2 days before starting the next phase of downward journey. Keep accumulating on dips.
Today's High - 133
Today's Low - 128
Today's Closing - 128
This is the lowest closing since 24th Sep, 2013 with decent volumes over the past six sessions and fresh lows everyday during this period.
The 12, 26-day Moving Average Convergence Divergence continues to remain negative since 29th Oct.
The 2-day Relative Strength Index has continued to remain below 50% since 29th Oct.
The Negative Directional Index has been stronger than the Positive Directional Index since 29th Oct.
The 20-day Commodity Channel Index has been negative since 4th Jan.
The 10-day Rate Of Change has been negative since 4th Jan.
The closing has been below the 5-day Exponential Moving Average for the past six sessions.
I'd mentioned in my post on 18th Dec that 146 & 131 are crucial support levels for this stock. However, now with both 146 and 131 broken convincingly, the next support for the stock is expected only at 100 now. Having lost more than 11% over the past two weeks, the stock might try to consolidate at the current level for the next 1-2 days before starting the next phase of downward journey. Keep accumulating on dips.
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