October 1, 2015

MOTHERSUMI technical

This stock lost 24% last month and is in the news because of the scandal surrounding Volkswagen and Audi cars.

We will first analyse the monthly charts. Here we have a breakout above 75 followed by a rally to 360 levels without any correction. The last breakout above 360 failed.


And here is the daily chart. One can clearly see breakout failure above 360. Next, the trailing SL gets hit around 330 levels.

Now trend is down and there is no buy signal.




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