Chart[46] - Declout

The counter released its latest financial results on last trading day. Both revenue and gross profit up 11% and 24% year on year. It registered net loss for the quarter because of administrative expenses incurred for recent joint venture. As show in first chart, it encountered strong buying volume on mid April. Company was buying back shares on that period as well.

As shown in second chart, price retreated to support with thin volume. Coming Monday will see market response to the result. Shall buying volume rises, price move ahead to first resistance ~ 0.18.