Global Logistics Properties 30 mins chart Testing Critical Supports

Critical orange support and red dual uptrend support being tested on 30 mins chart. Support failure here will result in further declines. Conversely, a successful rebound will probably test previous resistances.

Potential Supports

1. Blue support band

2. Pink support area

3. Green all time low major support belt


Potential Resistances

1. Ichimoku Storm Cloud

2. Resistance band at 2.30 to 2.29

3. All time high peak resistance 2.33

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

DJIA Testing Potential Diamond Trendline Support Zone

Choppy swings continue to plot the peaks and troughs of the giant diamond formation.

Upside Resistances

1. Upper resistance zone of green dotted channel

2. Green dashed down trendline of the diamond

3. Green bold down trendline of the diamond

4. Blue dotted resistance zone

5. Peak of diamond top


Downside Supports

1. Red dotted support zone of the red upper channel trendline

2. Lower support zone of green dotted channel

3. Orange dashed support belt

4. Red dashed median band of the red channel

5. Lower support of the red channel


Take note that any retest of the diamond top may result in a potential double top scenario. Further upward strength will confirm a continuation diamond pattern.

Conversely, if the lower support of the red channel fails a diamond top pattern will be confirmed and the index will probably plummet towards 8000. If weakness persists at this region a retest of the March 2009 low is imminent.

Yanlord Gravestone Doji Double Inside Day Compression

The double inside day compression pattern denotes a potential breakout scenario. Take cue from the direction of the breakout. Upward breakout will result in a rebound from the immediate support of the dual upper boundaries of the blue channel and challenge the orange resistance zone. If the orange resistance zone is cleared the red bold dual resistance band will be tested.

Conversely, a downward breakout will demolish the immediate support of the upper boundaries of the blue channel and test the red dotted band support zone. If further weakness persists support will most probably be established at one of the following support zones:

1. Lower support boundaries of the blue channel

2. Green trendline support

3. Congestion rectangle 1.59 to 1.56 range support

4. Double bottom buffer zone