Is the current move of SUNTV just a throw back of its breakout?
550 plays a very important support level even psychologically and technically. It has also retraced and reversed from very important retracement level which coincide with major support.
stock has reversed from previous high which has provided crucial support to the stock. It has retraced 50% of its current move also on daily chart it has given breakout from descending triangle if we go buy the measurement rule the next likely target for the stock comes around 1550/1600 with strong support at 1280!