Tuesday, March 07, 2006
HL Asia - Review - Wednesday, March 01, 2006
Dramatic jump across the $1.75 to $1.71 gap to open at $1.70 during the morning opening. Sudden drop of 10 cts from previous day close of $1.80 . That gap then became a very powerful resistance at $1.71 . Price managed to reached $1.71 within the first 10 minutes of trading but selling pressure was too overwhelming. The bold dark blue uptrend line was broken in the process. Day high was $1.71 . Day low was $1.54. Closing price was $1.57. The next critical support is $1.50 . Fortunately no stochastics buy signal was generated even though the K% and D% lines were only a whisker 's width apart from each other
# posted by Cherie : 12:06 PM
