RAIMON : Key supports at 0.99 and 0.94
May 22, 2011 Leave a comment
Support at 104 might hold for a while, but in our view there is a good chance of RAIMON coming off to 0.99 in the near term. If this level fails to hold then further downside to 0.94 or so looks possible.
To cancel the above VST bearish outlook we need a strong daily close or two above 1.10.