Saturday, September 11, 2010

FirstReit 9-Sep-10 (Comment)

Trading within medium term uptrend (Green line). Attempted to break out of long term support turned resistance uptrend line (Purple line) on 29-Jul but failed.

Currently trading in short term down trend (Blue line). Days of falls have been accompanied by increasing volume indicates a downside bias.

Low volumes and lack of significant upside/downside potential for trading.

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