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Re: BlindSquirrelFindsNuts post# 3278

Wednesday, 10/11/2017 8:32:53 PM

Wednesday, October 11, 2017 8:32:53 PM

Post# of 3668
Not sure where the support area is.... looking to the longer-term weekly chart, the lower Bollinger band is presently at 2.54. There was a lot of support for the shareprice around the $2.30s area when the stock visited there in late Feb. '17 so i think that's rock-bottom area, especially since SINO now has a trailing EPS of 0.41. I think that once the stock has a day or few days below the 30 "oversold" RSI level on the daily chart then buyers will return. And that probably means for the shareprice somewhere in the low $2.60s, maybe upper 2.50s. Jmo....