weekend charting part 1, page-74

  1. 718 Posts.
    Thought I should at least do one for the weekend. Just have work four nights in a row and a major assignment is due monday, better start lol.

    hot001 heres MAK.

    Daily:

    There is resistane at 77.5, and a double bottom at 36.5 . Its currently trending in a rough upwards channel with 1 break to the top, and once to the bottom. The stochastic has been trending between two lines, and it looks like it has hit resistance and will turn down. If this plays out, you would at least expect a return to the lower channel trendline?


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    Weekly:

    Looking good on the weekly. An upwards sloping support line, aswell as the stochastic is nicely turned up still.

    Photobucket

    Overall:

    Looking good in the longer term, however there is a good chance of a pullback in the short term.
 
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