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Time for a charting update?(1) Resistance found at 3.2(2)...

  1. miike
    440 Posts.
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    07/04/10
    11:31
    Post #: 6540686
    Time for a charting update?

    (1) Resistance found at 3.2
    (2) Heading to find a new support level
    (3) Fibonnacci 38.2 support level at 2.96
    (4) Negative MACD cross indicating pressure towards support, hence the price drop
    (5) Histogram showing sellers have been forcing price down
    (6) Major Support level at 2.75

    Opinion:
    - Short term downtrend to last 1-14 days
    - Long term, uptrend is still strong and also supported by positive fundamentals



    ...DYOR...read the disclaimer
    CUS Price at posting: $3.06 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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