Monday, December 17, 2007
Hello, everyone! This is a very clear chart in a way for support and resistance price, simply.
Note the different coloured circles and their relationship with the price of around $1.90
Support - Resistance - Support
Another point to note on the last 3 circles is how each of them started thrie own trend.
Yellow Circle: Downtrending till it broke out from it's downtrend.
Green Circle: Side Trending till it broke out of the normal trading zone, albeit the short time period.
Blue Circle: Yet to confirm breakout but rested on support of $1.90 which is important. Might be a doji tomorrow either that testing the tweezer price $1.86, shouldn't be lower that that.
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