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ryall12

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ryall12

Re: Superfly15 post# 97

Friday, 11/05/2010 4:58:15 PM

Friday, November 05, 2010 4:58:15 PM

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almost looks like buying time again here. daily is a bit indecisive but has shown some support. hourly is mixed too but confirming daily/monthly support lines atm.

the weekly shows weakness though. that is the only part worrying me. monthly chart isnt bad but we did just have a nice run. right now the weekly bear is fighting the monthly bull. tough to say which will win right now.

2.10 or so will be a key support. as will this 2.30 (monthly bull support) we are fighting the pull of a recently passed weekly fan line and about to hit monthly fan line so that may be what is causing the resistance. but these are the last of the lines so if passed things get better.
there is more support at 1.75 and if it falls there i would be all over it. but 2.10 is key.

big resistance now is around 2.50. pass that and the next attempt at 3 should allow it to be passed.

we will see, getting interesting again though.

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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