Replies to post #60002 on Sino Agro Food Inc (fka SIAF)

[Traderfan]

Not a bad day to buy some more. Hopefully, just a breather before the next move up. Who knows

Right, nobody knows. Again it shows they will do whatever they want with the stock price here. Forget any chart stuff. Just as we finally broke out of the horizontal resistance of 54-55, they close us down 8% or something the next day.

I'm inclinded to agree with Sly that one could argue it's a correction of the latest move although the correction is already pretty deep for my taste (since the move wasn't that big) and I my conviction that we stay above 50 cents the rest of the week without news is pretty small. If we do and we move back up it would be a healthy move no doubt.