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Post# of 23476
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k_trader

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k_trader

Re: drugtester post# 11162

Tuesday, 08/10/2010 3:01:29 PM

Tuesday, August 10, 2010 3:01:29 PM

Post# of 23476
correct, you have to break resistance on the 5 MA and find support there before the next run is confirmed, otherwise it will just bounce off the top and continue pulling back. For all practical purposes the technicals are looking good at least for today and tomorrow. If it can hold support at a previous resistance levl like the 5 MA things may be looking up.
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