Today's Interesting charts
Eoin Treacy's view Platinum – has rallied impressively for four consecutive weeks and unwound the oversold condition relative to the 200-day MA. It is now short-term overbought as it challenges the lower side of the overhead trading range. A sustained move below $1500 would be required to question medium-term scope for additional upside.
BYD – The ADR found support in the region of $150 from October and broke the almost two-year downtrend in November. It has since rallied to push back above the 200-day MA which is beginning to turn upwards. A sustained move below $2.70 would be required to question medium-term scope for additional upside.
HTC Corp – found support near TWD400 from early December and bounced impressively following a positive ruling on its spat with Apple over copyrights. It consolidated above the low and rallied to test the upper side of its range today. A sustained move below TWD445 would be required to question recovery potential. (Also see Comment of the Day on December 13th).