Archive for technical analysis
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SIA TA Chart – 07/10/2008
Given the recent events that surrounds the global credit crisis, SIA has finally succumbed below a 10-month long trading band. As seen below, SIA closed on the outside and downside of the triangle formation firmly @ $13.5. Based on Aug 2006 values, $13.5 region is the support level too. Whilst we might see a likely [...]
Market Drop due to Bailout Bill Failure
A severe drop of 7%, 777points is never seen before since the days of Sept 11, 2001. It is one of the biggest drop in history. To access more news about the bailout, click here. I did a chart on SIA, a counter that i have been monitoring. There seems like a high chance that [...]
