Tuesday, November 2, 2010

TELEVISION EIGHTEEN - www.ashudutt.com

TELEVISION EIGHTEEN - SHORT TERM: WEAK, LONG TERM: WEAK, PREVIALING BIAS: NONE
The stock is falling on very low volumes indicating loss of trading interest. It could drift all the way to 75 which is its support. For it to make a short term uptrend, it will need to break 95 on 5-10 times 3 month average volumes. The odds though are that it will drift towards 75. This is a 'range trade' stock and usually works between 75-95
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