This week could determine the direction of SID. SID finished the previous week bouncing off of its 34 week MA and support. Although it is falling off of a lower high, a break above 3.46 would be very positive. The daily chart shows a strong uptrend with SID finding support at its 34 day MA. The daily price is also coming off of a new high with strong relative strength. This is a good place to buy with a stop around 2.77 and a target of 3.77.
Comments, help and critiques welcome!
Comments, help and critiques welcome!