As requested by victor. Sino-Environment Tech Grp Ltd provides environmental protection and waste recovery services such as treatment, management
and recovery of volatile organic compounds. The Group's major operations are in China.
From chart, sino is showing signs of topping out at the .95-.97 region. RSI has turned down from the 70% mark, showing weakening in its upwards momentum. Next support at .915/.88 .
It is interesting to note that while sino's price is weakening, hyflux is rising. It could be investors is switching funds around. Before sino got listed, hyflux and bio-treat displayed such inverse price relationship many times as well.
and recovery of volatile organic compounds. The Group's major operations are in China.From chart, sino is showing signs of topping out at the .95-.97 region. RSI has turned down from the 70% mark, showing weakening in its upwards momentum. Next support at .915/.88 .
It is interesting to note that while sino's price is weakening, hyflux is rising. It could be investors is switching funds around. Before sino got listed, hyflux and bio-treat displayed such inverse price relationship many times as well.
1 comment:
Uptrend has formed in 5 up waves (not standard), correcting to neckline in recent 6 trading days in low volumes, which indicates this is not a sell but a correction only.
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