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Extracted from my blog http://kelongstocks.blogspot.com
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[B]Technical Analysis[/B]
Still awaiting results to be released today.
PFood broke down from a 6.5 month uptrend line on weak market sentiment today. Support at $1.23 was broken on higher volumes relative to past 2 trading days. Prices also closed slightly below the EMA 50 support at $1.22. PFood will be capped by downward sloping resistance line for now (thick red line).
Supports: $1.20, $1.17 (EMA 100), $1.14 (resistance turned support), $1.13 (EMA 200)Resistances: $1.22 (EMA 50), $1.24 (resistance turned support turned resistance), $1.27, $1.29, $1.34
..............continued at my blog
