Settlement as of 26/05/2011, at 5:45 p.m.
Top performance from Accsys Technologies Plc as it closes +4.24% up. After a strong and promising start at 0.15, near the high of the previous session, we saw steady growth during the day followed by a weaker close of 0.1525, near the session low. Comparing the share price trend with the UK FTSE All Share index on a weekly basis, we see Accsys Technologies Plc maintaining relative strength over the index, as it attracts more investor interest than the index (weekly share performance of 0.00%, versus a -0.85% gain in the index).
Status and Trend Analysis
While the medium-term scenario still looks bearish, the short-term structure shows some promising signs, with support at 0.1484 holding strong. The positive movement in the short term indicates a potential reversal of the bearish trend, with the possibility of prices flirting with the key resistance level of 0.1546. Thus there is a good chance of the bullish phase continuing towards the 0.1608 level (green line in the chart).
Risk Analysis
Accsys Technologies Plc's intraday volatility is very high, indicating a high level of risk, while the limited daily volume has fallen short of the volume moving average for several sessions. The stock in question has speculative appeal for the bold, particularly for those traders who are willing to accept that the possibility of substantial gains comes with a high risk of losses. This is a fast, short-term trading opportunity
Er is nu weinig risico naar beneden lijkt het ....