weekend charting , page-107

  1. 989 Posts.
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    MOL

    I like mols future prospects ATM though it has some head wind.
    If not in I would be waiting to find which area provides support for the retrace following the exuberance.

    Chart
    Areas of support include PF median pink and LHH green
    The 50% and 61.8% fib also are areas to watch for a bounce.
    If it goes tot he latter the 2nd gap could be justifiably closed. There was a gap at 111 however this has been closed following subsequent trading.
    MOL cahrt Jan11

    Momentum Indicators
    MOL indicators Jan 11
 
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