VNG : In need of an afternoon bounce
February 28, 2011 Leave a comment
Taking out its recent low of 4.60 today, VNG’s next support is seen at 4.38-4.40. Currently a 4.52, the counter has seen quite heavy selling so far, with a breach of 4.48 the next worrying sign to keep in mind.
Longer term support is seen far off at 4.00, 3.80 then 3.50-3.60
To turn things a rebound a daily close above 4.60 at the very least is required today.