Tuesday, March 21, 2006
NOL as requested by Andrew
Price broke thru the resistance at $2.17 as shown by the red dotted line. It closed yesterday exactly at $2.24 the low of the candlestick formed on 2nd March 2006 as indicated by the dark blue dotted line. This old support line is the immediate resistance that price must overcome to proceed further up. Next resistance to take note is the 20 days close simple moving average at $2.28. Breakout from $2.28 will see retest of $2.34 indicated by the green dotted line and $2.45 shown as the orange line. RSI, stochastics and MACD signals looking very favourable. Price may fluctuate bewtween immediate resistance at $2.24 and immediate support at $2.17 before moving up.
# posted by Cherie : 8:52 AM
