Sunday, April 25, 2010

Technical analysis: ICOP

*Chart taken from www.stockcharts.com

Alerted on this blog at $0.27 on march/15 link.
Link to chart: link
Link to google finance: link
Company website: link

Support :  0.31 - 0.32
Resistance : 0.35, 0.38 - 0.39, 0.50

The chart is probably starting to show an uptrend or a reversal of the downtrend. Consider the support and resistance levels for effective trading. The chart shows support in 0.31 and 0.32 range. A break below these support levels may suggest strong sell. A break above 0.5 should be highly bullish. As long as the stock stays above the support levels, there are good chances it should continue to go up and give steady returns. The stock is at it's 50-day MA support at 0.31. 200-day moving average is at 0.45 and a break above that will be a good sign.
*Please do your own research before buying any stock listed here.

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