After crossing above the red bold resistance turned support trendline a shooting star has formed at mid-day closing. Immediate resistance is the orange zone. Need to clear this resistance and stay above the red bold trendline to challenge and retest next light blue resistance zone. Stochastics in overbought region short term traders may want to take profit. RSI just below 70 and may cross above 70 if buyers return after lunch break. Those with greater appetite for risk may wait and see how price trades towards late afternoon.
Posted by Tact at 12:24 PM 0 comments
Sunday, January 24, 2010
Sinotel clears resistance turned support trendline - TACT Friday, December 11, 2009
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1 comment:
nice analysis!!
Thank you.
...(I'd be pleased if you exchange reciprocal link with me.)
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