AI
Wednesday, June 21, 2006 8:15:52 AM
Chart & Comments Updated for the SMH...
The "Support & Resistance Report" identified a 2-member area of "Gathering Support" (Buy Trigger) between $32.53 and $32.57 going into Tuesday's trade (June 20th), and so it was found to be.
After printing a low of $32.51, Support was found.
The SMH rose 58 cents to a subsequent high of $33.09.
(See the 5-Minute Chart below).
Traders who use the "Support & Resistance Report" in combination with the "Medved QuoteTracker" received a real-time "Buy" Alert on Tueday as soon as the SMH reached its area of "Gathering Support".
SMH (5 Minute Chart):
The "Support & Resistance Report" identified a 2-member area of "Gathering Support" (Buy Trigger) between $32.53 and $32.57 going into Tuesday's trade (June 20th), and so it was found to be.
After printing a low of $32.51, Support was found.
The SMH rose 58 cents to a subsequent high of $33.09.
(See the 5-Minute Chart below).
Traders who use the "Support & Resistance Report" in combination with the "Medved QuoteTracker" received a real-time "Buy" Alert on Tueday as soon as the SMH reached its area of "Gathering Support".
SMH (5 Minute Chart):
Buy at Support
Sell at Resistance
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