Friday, April 23, 2010

Genting Betting on Critical Support



Bulls and Bears betting on light green critical support band. A victorious bulls campaign will retest the following resistances:-

1. Upper resistance line of the blue channel

2. Upper resistance line of the red channel

3. 200EMA resistance

4. Ichimoku Kumo resistance cloud

However, if the Bears are triumphant a breakdown below the light green support band will challenge the following supports:-

1. Lower support boundary of the blue channel

2. Lower red channel support line

3. Green downtrend line

Stay alert and be nimble as the countdown timer ticks.

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