Tuesday, March 28, 2006
HG Metal as requested by Ellen
Broke out above 30 cents yesterday. Broke out again this morning above 31.5 cents. RSI still below oversold region. Stochastics just move up into oversold region. Volume increasing as price increases. High probability of closing the gap at 40 cents if selling can be absorbed by the buyers in the next few days. Immediate resistance is 34 cents as shown by the green dotted line. Next resistance is 36 cents indicated by the light blue line. Immediate support is 31.5 cents as denoted by the red dotted line. Chart as per time stamped.
# posted by Cherie : 2:56 PM
