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Morning Trend Analysis Reports: (OTCQB: FARE), (OTCQB: COWI)


New York, NY -- (ReleaseWire) -- 01/17/2013 --World Moto Inc. (OTCQB: FARE) traded in the range of $0.0501 and $0.0745 during its last trading session. The stock had opened at $0.07 and closed at $0.0541, down 27.38 percent from its previous close. World Moto has its first support level at $0.04 while it faces the resistance at $0.09. If the stock breaches this level, it may touch $0.12. World Moto recorded the volume of 33.697 million shares. The company recently reported that it is set to begin its manufacturing operations. It is involved in the business of developing Moto meters. World Moto is based out of Thailand.

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CoroWare Inc. (OTCQB: COWI) shows neutral trend as the stock made a sharp down movement in its latest trading session. It opened the session at $0.01 and remained in $0.0024 and $0.0065 price range during the session. The stock closed 11.90 percent lower at $0.0037. CoroWare’s first support level is at $0.0035. Upon breaching this level, the stock may go as low as $0.0031. On the upside, its first resistance level is at $0.01. CoroWare offers customized engineering services. The company is operational in North America, Australia and Asia. It provides various services such as NameTag and CoroCall. CoroWare is based out of Washington.

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