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Old 09-07-2008, 02:21 PM
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SP Chem's Chart

Hi!

I am a newbie. Just started to learn how to see the chart. But, very blurred. Need help.

I had some shares of this SP Chem, at 0.5133. From the chart, would like to know whether I should sell it now or hold.

For the chart, how to find the resistance and supporting lines? And the short term line is still above the Long term one.
What is RSI stand for?
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Old 10-07-2008, 10:43 AM
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How come there is nobody reply? I need some advises.

Thank you
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Old 02-08-2008, 05:26 PM
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SP Chemicals

The stock has support at 0.59 (30 DMA). If the stock is able to trade above this level, then it might go to 0.66.

On the downside, support after 0.59 is at 0.55 (200 DMA). The 200 DMA should offer strong support to the stock. The stock is currently in an uptrend.

RSI = Relative Strength Index. RSI is of no use in such a volatile market.
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