Tuesday, January 26, 2010

Capitaland Double Top Confirmation



Snapped through the light blue double top confirmation support zone this morning after the hammer variant and the inverted hammer pair formed a 96 pattern formation which failed. Testing green support zone now. Next support is the brown 200 days simple moving average and further weakness will test the red support zone.

Upward resistance at light blue support turned resistance zone followed by 100SMA. Next resistance is the orange resistance zone followed by the gap resistance near 4.20

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