weekend charting 9 april, page-52

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    Torp74, TLM for you:

    On both the weekly and daily, price has closed above current resistance at 1.09. Nice bullish trend signals in both cases, and there's been good volume this week on the upswing. Need to prove that support at 1.09, otherwise we could see a return to the uptrend support line which is currently at around 0.95.

    Based on closing prices, the weekly shows a target of 1.20, but the daily shows a target of about 1.33. If you choose candle highs as your targets (I prefer not to), you'll have a target in the 1.40's.

    TLM weekly:
    2010-04-10 TLM weekly

    TLM daily:
    2010-04-10 TLM daily

    Cheers, Sharks
 
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