Wednesday, March 08, 2006
UTAC as requested by Prime - Tuesday, March 07, 2006
Taking reference from 2nd February 2006 high 98 cents and 2nd March 2006 high 98.5 cents as shown by the red bold horizontal line AB on the chart, a potential double top maybe forming. Confirmation of this double top will only happen if price drops below 88.5 cents the low of the tiny hammer candlestick formed on 23rd February 2006, shown as point C on the chart.The next few days may see a test of the 91.5 cents to 88.5 cents congestion area. Both RSI and stochastics are showing weakness today. If the 88.5 cents point C support can hold a rebounce towards the point B high of 98.5 cents will occur.
# posted by Cherie : 4:35 AM
