Short Term Trading Weekend Lounge: 27 -29th Jul, page-84

STTCOMP BOE, TA Long
sp - 7.3c The sp has broken through a major long term resistance line , and then bounced off that resistance line for support . The end result of the big volume in the last year , is that it has broken through resistance , which suggests that the volume was primarily buying. It has also bounced off the simple moving average line for support - which is not shown on this graph. What happened the last time it broke through resistance - big rise ! Let's see how it goes.