Wing Tai 12 October 2015

Wing Tai seems to be approaching the fibo 61.8%. This might pose a resistance currently. One thing to note, the 20 days moving average seems to be heading up.

Good = If the 20 days moving average crosses up the 50 days moving average

Price @ 61.8% = Around $1.78
RSI = Heading to overbought region
Volume = Slightly decreasing
Support = Around $1.73, 50 days moving average

Possibility = Might have a slight retracement, hopefully around $1.73 region for trading entry. Might also see the price being supported by the 20 days moving average (Red Line)

Wing Tai

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