Golden Cross in effect we bounce off the 50ma daily and 0024 (100ma weekly) proved to be a strong support level
> Daily - Now a "Golden Cross" pattern (50ma/200ma cross) consolidation is normal before this pattern most of the time.
> Weekly - look at that Accumulation/Distribution line MA cross & the RSI + Stochastics also as you can see the PPS will play between the 100ma (sup) & 200ma (res) has stronger affect than the daily :)
-Res/Sup #1 0016 (200ma DAILY) 0017 (50ma Weekly) 0019 (50ma DAILY) -Res/Sup #20024 (100ma weekly) *MAJOR SUPPORT ON THE WEEKLY -Res/Sup #3003 pps range Strong Round Number Support + (20ma daily & main BBands MA acting as support) -Res #40048/005 pps range -Res #50069/0075 pps range -Res #60.01 round number Resistence level -Res #70.013 pps major res (200ma on weekly) -Res #802 pps MAJOR res => THEN BLUE SKIES wooohooo !!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.