AI
Wednesday, July 16, 2003 10:31:01 AM
Hi Chris,
I would be watching to see if FONR can move back above the 1.30 resistance here. That should also get it back above the SMA support, where is has consistently accelerated from. As long as the SMAs continue to act as resistance there is the possibility of a move to test lower support, or move back into a downtrend. Looks Ok here at 1.20 for support but I would exit if it drops below it. Really needs a move back above 1.30 to look Bullish again to me, JMHO though.
Good Luck Chris! :^)
I would be watching to see if FONR can move back above the 1.30 resistance here. That should also get it back above the SMA support, where is has consistently accelerated from. As long as the SMAs continue to act as resistance there is the possibility of a move to test lower support, or move back into a downtrend. Looks Ok here at 1.20 for support but I would exit if it drops below it. Really needs a move back above 1.30 to look Bullish again to me, JMHO though.
Good Luck Chris! :^)
Good Luck to All! :^)
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