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Genting Sing
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Pitchfork Challenge
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tact888
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08-Mar-2010 04:39
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With the bullish closing on Friday there will be challenges to the following resistances 1. Median line of Greeen Pitchfork 2. The dual 200 moving averages of both the 200EMA AND 200SMA 3. Red neckline of the compleax head and shoulders chart pattern 4. The upper boundary of the green pitchfork Immediate support is 88.5 to 88 zone followed by 83.5 and the lower support of the green pitchfork. Since 18th Feb 2010 price has been trading in the lower portion of the green pitchfork. Any strong breakout in either direction will ultimately need to challenge the pitchfork formation and move out of its zone of influence. View chart at http://tactcharts.blogspot.com/2010/03/genting-pitchfork-challenge.html |
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