Sapcres. Brief Comments

A recent relocation exercise and the pathetic state of the local broadband facilities kept me away from posting for awhile.

Now on Sapcres .... Double basket!! First was the Pennant failure. Then the failure to bounce at around 1.42.

Looks like Sapcres is trading sideways for now & the near future. Significant volume is absent. EMAs & MACD are giving neutral readings. As long as the stochs don't dip below 20%, there is "hope". Weekly charts shows a neutral candle, neutral EMA, neutral MACD with declining stochs. I still don't see the "light" at the end of the tunnel yet...

However if the backside is itchy for some action, there is a possible narrow room/margin for short term trade between 1.32 - 1.44 and/or 1.36 - 1.44.

S1 - 1.36

S2 - 1.32

Exit plan must always be adhered to! :)