SMALL CAP GOODIES

[ManicTrader]

$REDF 2.90 & $SIFY 2.10, Two indian internet stocks that i put on the radar last week. They got hammered due to missing earnings and guiding lower. Charts look pretty oversold and bottomed out here. Looking back on the history they can move pretty well so looking for better news going forward as a catalyst to the technicals here. Technicals only take us so far and then the company has to provide us better earnings and that is what makes or breaks any chart.

8/12/12 $REDF alert 2.85, We have supports $REDF at 2.71 and must hold

8/12/12 $SIFY alerted at 2.08, $SIFY we have support at 1.90 also must hold.

$REDF 6 Month Daily



5 year Weekly



$SIFY 6 Month Daily Chart



3 Yr Weekly