Valuetronics – [ Lower High On Each Rebound, What’s Next?]algo investing.com/wp-content/uploads/2019/03/valuetronics.png” alt=”Valuetronics 20th march 2019″ width=”960″ height=”564″ srcset=”http://algo investing.com/wp-content/uploads/2019/03/valuetronics.png 960w, http://algo investing.com/wp-content/uploads/2019/03/valuetronics-300×176.png 300w, http://algo investing.com/wp-content/uploads/2019/03/valuetronics-768×451.png 768w, http://algo investing.com/wp-content/uploads/2019/03/valuetronics-600×353.png 600w, http://algo investing.com/wp-content/uploads/2019/03/valuetronics-691×406.png 691w” sizes=”(max-width: 960px) 100vw, 960px”>
Chart Source: Poemsview 20th March 2019
Valuetronics together with the other electronic stocks had a retracement after having a decent run up over the last week.
Valuetronics has caught our attention for some of the reasons below.
- Its rebound is lower than the previous rebound at $0.74
- Valuetronics is below its uptrend line now.
- Valuetronics is near the horizontal support of $0.68. A break below that might signal more downside.
- Valuetronics is also below its 20ema
With these reasoning Valuetronics is now on our radar. A break below that $0.68 might have more downside.
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