25 Aug 2010
Doji rebound from orange support zone
27 Aug 2010
Doji once again as indecision returns. A potential challenge to test the upper channel resistance is imminent with DJIA good closing figures on Friday.
Any breakout above this channel resistance will retest red resistance zone followed by green dashed resistance line. A strong breakout above the green dashed line will probably herald a change in trend from down to up.
Take note that the orange support zone is a major support that has been tested 4 times and a breakdown below this zone will retest the next support at the green zone.
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