SANBUMI brokeout from Stage 1 to Stage 2 in April. Somehow it loses steam the moment it went into Stage 2 and in fact is entering into Stage 3!
Looking at the weekly chart shows you the following:-
- Price chart showing lower HIGHs & lower LOWs.
- 1st. -ve signal observed when its CLOSE broke the 0.335 level on 3-Jul.
- 2nd. -ve signal observed when its RSC falls below the 30wma (RSC) on 3-Jul.
- Since 3-Jul, its RSC + 30wma continue to fall further.
In the next couple of week to come, should the CLOSE breaks below the 0.325 level then I presume it is game-over. Just my opinion, though
