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Baker Tech 30 mins Support and Resistance
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tact888
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21-Apr-2010 17:05
Yells: "Learn a life-changing skill and empower yourself. tactcharts" |
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Short term 30 mins chart support and resistance trading bands where the bulls and bears battle continues. Breakout above green band will most probably meet red resistance zone. Pullback will retest support at the orange support belt. Critical support is the light blue support zone near the Ichimoku Kumo support cloud. Support failure here will retest the lavender support band next and a breakdown of this band confirms the short term double top formation at the green zone. This weakness may trigger a drop to retest the pink gap support zone and a fall below the Ichimoku Kumo will revert its support role into a resistance storm cloud. View chart at http://tactcharts.blogspot.com/2010/04/baker-tech-30-mins-support-and.html |
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