Valuetronics – [ Tumbling Down Over 6% , Target Met, Next Downside Target? ]
Chart Source: Poemsview 11th Sept 2018
Valuetronics took a tumble today along with other electronic stocks like UMS and Hi-p.
Ever since our EXCLUSIVE CLIENTS were alerted on this trade analysis on end August, Valuetronics has fallen over 6%. A very nice downside movement for over a week’s work. We are pleased with the results.
Ever since Valuetronics broke its $0.75 horizontal support it hasn’t been able to regain that foothold and the support has turned to resistance. It went down to hit our $0.72 target and looks like it might hit our $0.68 target in the coming days.
$0.68 will be our support for now. Failing to hold might see it move down to $0.645 from where it all started.
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