Tuesday, November 3, 2009

C

  • MACD below ctr. is bearish. Price broke 4.11 support and testing 3.8 support.  The long legged black candle suggested the price could contine to test the next support next few days.                                             PLAN: If break 3.8, incidentally also break the trendlin could meant heading for bigger down turn. Otherwise, 3.8 support confluence with the trendline and 100d MA is strong. Long when 4R1G and RSI shows rebound from 30%.

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