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27/08/09
09:50
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For those interested in charts and analysis thought I would toss this in.
Nov/Dec Support at 2.5
Feb 2.5 Becomes Resistance (breaks out)
2.0 becomes new short term support. (Bollinger suggests pull back at that point)
April 2.8 Becomes support before breaking down to the 2.5 again.
End April, breaks up, pauses at resistance at 3. Bollinger suggests small pull back, Falls too hard and bollinger goes in reverse (up pressure)
May, back to 2.4. Resistance becomes support again.
Late May/June breaks support
June, hits brief low and Chart moves to an uptrend pattern with bollinger upward pull.
Now we are paused at the very strongly established resistance of 2.5.
Buy pressure has been strong for several weeks.
Sell volume has dropped.
The Bollinger is ready for upwards momentum.
All we need is the right fundamentals news and the momentum indicated by the charts will kick in.
Just my take on a small bit of it...
Cheers