Friday, October 19, 2012

Technical Analysis on request: MIC

This stock showed a bullish pattern, a pattern called “Falling Wedge”. As there is a low volume and lack of interest we have seen this stock not performing well at the current level.

Risk involved in this stock: I see a risk in this stock, the stock is currently sliding down through the trend line. Technically the stock isn’t looking strong as per know. So, I recommend Bottom Fishing for this stock.