Interra Resources (43 cents) - Temporary bounce, lower later

Short-term stochastics and 21-day RSI are at the bottom of their range, and this should trigger a rebound soon. Resistance is at 48 cents, a minor breakdown level. ADX has turned up, and the DIs are negatively placed, an indication that prices are in a downtrend. The 200-day moving average provides some support at 38 cents. But the break below 48 cents indicates an eventual target of 28 cents. Quarterly momentum is falling, and confirms the downtrend.