SVI : First support of substance at 3.86-3.88
February 11, 2011 Leave a comment
Key support for SVI is 3.86-3.88. Currently at 4, price resistance from here to 4.06 should hold it back with ease, and in our view there is quite some risk of it coming down this afternoon to 3.88 or so. A close below 3.84 would be technically rather bearish and below 3.80 decent confirmation the stock will retrace to 3.70 or so next week.