Tuesday, April 04, 2006
Aus Group
Second attempt at breaking out of ascending triangle resistance at 32.5 cents being observed. Higher lows were formed after each upward movement. RSI just turned upwards. Stochastics still dropping. Immediate support is 30.5 cents. Next support is 29.5 cents. Immediate resistance is 32.5 cents as shown by the blue dotted line. Next resistance is the green dotted line at 34.5 cents. High chance of breaking 32.5 cents. Lets see if the market concurs. Interesting days ahead. Reassessment will be done after breakdown of red bold uptrend line or breakout of blue dotted line resistance. Chart as per time stamped.
# posted by Cherie : 12:15 PM
