Price rally capped by 20 EMA and downtrend resistance line. Still unable to cover gap at 62.5 cents. Breakout above red downtrend resistance line will trigger upward movement towards gap resistance at 62.5 cents. Immediate support zone is 57 to 58 cents. Support failure here will result in downward movement to next support at 54.5 cents. Monitor 50 EMA resistance line.
Monday, February 11, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment