China Sports

China Sports (17 Jan 2016)



Daily Chart

MACD -  Divergence
RSI - Divergence
Stoc - Divergence
A/D - going up

S/R Zone - 0.02 -0.027
Resistance - 0.027, 0.029
Support - 0.02, 0.014

Monitor

ACTION if :
Price close below 2.0
or
Divergence (lower low)

STI

MONTHLY
Still in consolidation
No divergence
Still downward moving

WEEKLY
Still in consolidation
No divergence
Still downward moving but RSI and stochastics reach bottom
OBV increasing

DAILY
Downward bias but strength lessen
No divergence
OBV lowering

CONCLUSION
STI will still go down.

Rex Intl