Notion- testing its acelerated uptrend line

Notion is testing its accelerated uptrend line (S1-S1) again. This is the second time the stock tested this uptrend line. The earlier test was on last Friday, April 23. At the close today, Notion lost 9 sen to end at RM3.26. A quick rebound is crucial over the next few days. Failure to stay above this uptrend line support of RM3.30 could send the stock to its horizontal support at RM3.00 & thereafter RM2.75-77.


Chart: Notion's daily chart as at Apr 26, 2010 (Source: Tradesignum)