Monday, May 17, 2010

Sinotel Weekly Chart Channel Testing



Green channel support will be tested and support failure here will see a drop into the orange confluence support box region. A successful rebound from the lower green channel support will meet strong resistance at the 45 milestone. Upward moves will probably be restricted by the upper resistance of the blue, green and red channels.

Stay alert and be nimble as current market condition continues to exert downward pressure.

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