Trend Watch

Saturday, January 26, 2008

Ausgroup retail buyers holding the fort with minimum BB support



Tiny cloned inverted hammer in bullish harami formation. Gap resistance is $1.20. Price supported by 127.2% extended Fibonacci projection at 96 cents. Support zone 96 cents to 80 cents. Monitor resistance and support zones.



Volume distribution chart shows majority of the buyers are retailers. Price will probably stagnant and drop if no further BB buyers support comes in on Monday.

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