Saturday, March 25, 2006
Memory Device as requested by feniz
Price met the dark blue downtrend line at 49 cents and dropped to close at 48 cents. This is the 2nd inside day bar since 22nd March 2006. Price will probably trade within the high of 49.5 cents to a low of 46 cents next week. RSI and stochastics looking weak. Immediate resistance is the dark blue downtrend line. Next resistance is 49.5 cents the green dotted line. Immediate support is the 46 cents as shown by the red line. Major support is at 45.5 cents indicated by the green line. 45.5 cents is also the 20 days close simple moving average support. Breakdown from 45.5 cent will require reassessment.
# posted by Cherie : 2:44 PM
