Saturday, June 29, 2013

InnoPac #01

InnoPac Daily chart updated till June 28, 2013.

InnoPac is trading below the Red resistance line and the 3 moving averages, hence, it is more likely to fall.

The 50-day moving average (in blue) is about to cut below the 100-day (in grey) and this indicates to me that the fall is likely to intensify.

If you still think InnoPac can return to its previous glory, a very good luck to you.