Disclaimer: This is my personal stock chart diary and doesn't suggest any trading tips. Due diligence is a must.

My personal trading mantra: Keep It Simple Stupid

Sunday, April 5, 2015

South China Resources Inc #SOC


NOTES:

  • Resistance: 0.98
  • Currently trading at major support at 0.93
  • Wait for a catalyst that will trigger the bounce.  If none, it may fall below support line.
  • Money flow index is at oversold level 30.2%

Finance Lingo 101: Treasury Stock (Treasury Shares)

The portion of shares that a company keeps in their own treasury. Treasury stock may have come from a repurchase or buyback from shareholders; or it may have never been issued to the public in the first place. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations. ~Investopedia

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