Thursday, February 18, 2010

Genting Testing Complex Head and Shoulders Neckline Support



Testing of Median Line of Andrew's Pitchfork and Neckline of Complex Head and Shoulders in progress. A closing below these 2 lines will test the 200 SMA support line. Further weakness will bring price to the pink support line followed by a test of the lower support of the green pitchfork formation.

However, a closing back above the neckline may see a retest of the upper pitchfork resistance boundary. Stay alert and be nimble a weak closing today will probably cause further price drop.

1 comment:

investment catcher said...

This is a wonderful website!! ありがとう。 Thank you!!
I'd be pleased if you exchange reciprocal link with me.
お互い頑張りましょう。
この記事の中でリンクしています。(2010/02/19)
http://easy-happy-invest.blogspot.com/2010/02/day-chart-technical-analysis.html
よかったらご覧になってください。

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