CNP 0.00% 4.0¢ cnpr group

logarithmic chart musings, page-3

  1. 6,368 Posts.
    hi Megagem,

    i was very disappointed with fridays close,

    but after looking at the weekly charts as well as your own,
    i tend to agree with you,

    and that is we could see a bounce on mondays session,

    as you can see in this chart of mine i have pointed out the resistance/support
    (red and green arrows plus trend lines) points,

    if you look closely you should all so be able to see a white support line,
    this white line used to be a resistance point once before is now a support (as pointed out be Megagem),

    what i would like to add to this point is that it is a very standard for a share price to fall back on to the previous resistance point and test it as a now and new support line,

    so i would have to support Megagem point of view and say/post that we just may see some sort of come back by the bulls.

    cheers

    Photobucket
 
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