As you can see from above, the analysis of Mewah is that it is now in a BEAR trend. Starting from 18 Jan 2011, the price has been moving down from 1.20 to 0.87 (see A). After there is a technical rebound (see B) and it end lower on 25 Jul 2011 at around 0.77.
The above counter from its high price of $1.20 till $0.77 takes 7 months to move lower. As the latest price show that this stock may go for a technical rebound as it is oversold. However, i would consider this stock a BEAR stock with a primary trend that may last 9 mths to 2 yrs.
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