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long term this still looks good but tomorrow

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ryall12 Member Profile
 
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ryall12   Wednesday, 10/06/10 03:33:07 PM
Re: Pennyland post# 24
Post # of 30 
long term this still looks good but tomorrow is going to be very telling short term. really want to see 2.14+, getting 2.20 would be even stronger.

if not its looking down until the next support is established. could be as close as 2.10 but if 2 does not hold its back to 1.75

i really dont see that happening though. i think it will either consolidate between 2/2.10 or so, or keep over 2.10 and make a push at 2.25 again.
once that breaks next resistance is upper 2s into 3. 2.50 might be some psychological resistance but it probably will not really start until over 2.70, at least thats how it looks at the moment.

but again, dont see that next upswing happening soon unless tomorrow shows a nice breakout. a solid weekly candle would do wonders too. that would mean ending the week over 2.18, better yet over 2.20. if so that 2.25 should break next week.

My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion
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