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PFood

Stock Chart
Last Done 1.195
Change - (-)
Volume -
Range - - -

Related News

[Trading Central] People's Food: the downside prevails as long as 0.588 is resistance

23 May 2012 07:20

Our preference: the downside prevails as long as 0.588 is resistance.

Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
Decline
Change In Short Term View None
Medium Term View
(Bullish, Range, Bearish)
Bearish
Change In Medium Term View None

0.588 is our pivot point.

Our preference: the downside prevails as long as 0.588 is resistance.

Alternative scenario: the upside breakout of 0.588 would call for 0.611 and 0.625.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.58 and 0.59). People's Food is currently trading near its 52 week low at 0.55 reached on 28/03/12.

Supports and resistances:
0.611 *
0.588 **
0.579
0.57 last
0.543
0.529 **
0.515 *


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