TICON : Breakdown point is 12, target 11.2-11.3

TICON’s weekly chart suggests further downside and lower prices are likely, with a breakdown below the recent low of 12 likely to see the stock retrace to 11.20-11.30 over the near term. A daily close below 12 will be the sign, and it looks like it will be seen rather soon – maybe this afternoon.

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