The two doji candlestick pair halted price decline near the triple intersections of red, green and blue channel supports. The stochastics has crossover and is just beginning to move out of the oversold region. RSI and MACD are also exhibiting favourable signals. The upward price move will probably test the resistance of blue channel around 34.5 and if bullish buying interest continues a surge into the upper dual resistance band of the green channel will probably retest 36 peak formed on 22nd Feb 2010.
Immediate support is the Ichimoku kumo cloud followed by the red channel support. The dual support band of the green channel and the blue channel support are the next support zone. Support failure at 30 will probably retest the 28 to 27.5 gap support .
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