Sunday, April 30, 2006
China Sun - Support Gap Covered
Support gap at 82.5 cents was filled and closed at 84.5 cents. Both RSI and stochastics are still showing weakness. Immediate support is the support band indicated by the blue dotted lines between 82.5 cents and 81.5 cents. Breakdown below this support band will most probably cause price to drop and try to cover the next support gap at 74.5 cents. Immediate resistance is the resistance band between 89.5 cents and 90.5 cents as shown by the green dotted lines. Next resistance is 96.5 cents. Be alert and nimble.
# posted by Cherie : 1:57 PM
Comments:
<< Home
In my view, there will be a small relief rally from now on since the fall from high is in the form of 5 waves which has just completed, which indicates that a deeper correction below current correction low is in cards after the said rebound is over, and correction may bring the price much lower below current correction low.
I have been visiting your blog site every day
and a few times a day. Seems you have a few bogger sites.
Pls visit my blog site at
http://toptrader.blogspot.com/
in wchich I featured Stamford Tyres and G&W.
Post a Comment
I have been visiting your blog site every day
and a few times a day. Seems you have a few bogger sites.
Pls visit my blog site at
http://toptrader.blogspot.com/
in wchich I featured Stamford Tyres and G&W.
<< Home
