Since the rebound from the lower blue channel support on 22nd Dec 2009 price has moved away from the pink support zone into the lavender congestion area. Immediate resistance at mid Bollinger band is being tested now. A strong buying interest is required to empower breakout above this resistance line to challenge the upper blue channel resistance boundary. Take note that a drop below the lavender congestion zone will result in a retest of the green channel support and the pink support zone.
No comments:
Post a Comment