Friday, February 5, 2010

CapMallsAsia Storm Cloud Returns



With just only a single day of sunshine the storm clouds are back again. The lower support of the green channel has turned into resistance as shown on the hourly chart.
A new all time low 2.19 was just created a few minutes ago and further weakness will retest the red dual channel support zone.

Upside rebound with meet the following resistances

1. Blue dual channel resistance zone

2. Lower support of the green channel

3. Ichimuko kumo clouds resistance zone

4. Gap resistance formed by recent fall

5. Pink dual channel resistance zone located slightly above the kumo

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