Yanlord Testing Potential Reversal Zone

Yanlord is testing the red bold rectangle potential reversal zone. A successful rebound within this zone will probably propel price towards the blue upper channel resistance at around $1.80 and may retest the higher resistance of the red band at about $1.90

Support failure of the red rectangle zone will probably find new support at one of the potential dotted support lines as indicated on the chart.

Genting Channel Within Channel

Resistances

1. Upper dual resistance band of blue minor channel

2. Upper dual resistance band of red major channel

3. Milestone $2.50


Supports

1. Natural psychological support $1.90

2. Orange support zone

3. Green support zone

4. Lower dual support band of blue minor channel

5. Gap Support Band $1.30 to $1.35

6. Lower dual support band of red major channel

Sinotel Testing Ichimoku Storm Cloud

Resistance Zones

1. Immediate Resistance Ichimoku Storm Cloud

2. Dual Green Downtrend Line

3. Red Resistance Band

4. Upper Blue Channel Resistance

5. Dotted Blue Resistance Band



Support Locations

1. Immediate Ichimolu Storm Cloud

2. Orange Support Zone

3. Lower Blue Channel Support

4. Late May Early June 2010 Congestion Region

5. 30 cent Milestone

Z-obee Testing Neckline Support Zone of Complex Head and Shoulders Formation

The high probability prediction of a multiple right shoulders formation was posted on 7 July 2010. This right multiple shoulders pattern has been confirmed and further weakness had plummet price towards the neckline support zone. The decline within the blue down trend channel is now testing the neckline support zone of the complex head and shoulders formation.

Upside Resistances

1. Immediate resistance of the upper boundary of the blue channel

2. 40 cents milestone

3. 43 to 41.5 cents resistance belt

4. Right multiple shoulders resistance band


Downside Supports

1. Immediate support of the lower boundary of the blue channel

2. Red neckline support

3. Mid June 2010 trough support at 32.5 cents

4. 30 cents milestone

5. Strong Green Support Zone