AI
Friday, August 06, 2010 1:39:51 PM
STHG Chart with some insight.
Ok Guys it looks as though sthg has skipped out on direct contact with the last channel resistance and channel support contacts. Just wanted you to take a peek at a close up of the channel. To me it seems that we have new directional trend lines, that are NOT the current channel we are in. If we contact this new trend resistance line again on the way up, we will see a further reduction in volatility and the resistance and support trend lines will squeeze and force it into a new direction.
Which way it will move I am not sure yet, but something new and interesting will be happening to sthg in the following weeks if these trend lines are accurate.
Ok Guys it looks as though sthg has skipped out on direct contact with the last channel resistance and channel support contacts. Just wanted you to take a peek at a close up of the channel. To me it seems that we have new directional trend lines, that are NOT the current channel we are in. If we contact this new trend resistance line again on the way up, we will see a further reduction in volatility and the resistance and support trend lines will squeeze and force it into a new direction.
Which way it will move I am not sure yet, but something new and interesting will be happening to sthg in the following weeks if these trend lines are accurate.
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