all depends on if 5.75 support holds. everything is well overbought atm though so it may not. if not it should catch anywhere between 5.25 and 4.75, possibly higher depending on the rate of decent though baseline support is closer to 4.20 but rising steadily and should be decently higher by the time indicators are ready to reset.
this has been a killer year, every channel resistance has broken. pretty much blue sky so long as the next consolidation does not fall back under any lines and i just do not see that happening (would have to fall well under 4 if not under 3...)
so i think it will fall soon but not much, but may make a flat move for a bit before the next hike up. though everything is still in the power zone and rising, so it may move up a bit more soon and try for the next resistance first which just helps the higher supports hold.
next resistance is predicted somewhere around 7.40, then near 8.40 but weak, then around 10.
is this thing option-able yet?
note: been holding since summer 2009 averaged close to 1.00, this was a buy, hold, and forget for me. actually have not checked it for quite some time and need to update the chart :)
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
AI
