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PFood
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Gallen
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15-May-2006 21:25
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Extracted from my blog http://kelongstocks.blogspot.com Please visit my blog for full writeup [B]Technical Analysis[/B] Still awaiting results to be released today. PFood broke down from a 6.5 month uptrend line on weak market sentiment today. Support at $1.23 was broken on higher volumes relative to past 2 trading days. Prices also closed slightly below the EMA 50 support at $1.22. PFood will be capped by downward sloping resistance line for now (thick red line). Supports: $1.20, $1.17 (EMA 100), $1.14 (resistance turned support), $1.13 (EMA 200)Resistances: $1.22 (EMA 50), $1.24 (resistance turned support turned resistance), $1.27, $1.29, $1.34 ..............continued at my blog |
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