Wednesday, January 18, 2012 6:53:22 PM
FTWR Monthly Chart play
Long term chart play
You like to see the month close up from today closer to the ma-5. First you may re-test the .25 if not good. You like to see a swing up on 1-19-12 and a swing down to close out week. New week swing up and like to see the month close to the ma-5 on this monthly chart or close to the area above previous resistance. If this pattern plays out you’re setting up a bullish intraday break out and will continue to run the chart. Either way as long as you come up to close the mo out will be very good.. If history repeats itself on the chart at least up to the strong flat line resistance of 4.82 or just below 3.20. Once you hold and support above 1.34. Least resistance from this point is up plus covering along with smart money buying.
Time shall tell but looks good with technical’s on the weekly and dally charts. This hold true the chart will improve as the PPS moves up.
Trade smart peeps
GLTY
GF
Long term chart play
You like to see the month close up from today closer to the ma-5. First you may re-test the .25 if not good. You like to see a swing up on 1-19-12 and a swing down to close out week. New week swing up and like to see the month close to the ma-5 on this monthly chart or close to the area above previous resistance. If this pattern plays out you’re setting up a bullish intraday break out and will continue to run the chart. Either way as long as you come up to close the mo out will be very good.. If history repeats itself on the chart at least up to the strong flat line resistance of 4.82 or just below 3.20. Once you hold and support above 1.34. Least resistance from this point is up plus covering along with smart money buying.
Time shall tell but looks good with technical’s on the weekly and dally charts. This hold true the chart will improve as the PPS moves up.
Trade smart peeps
GLTY
GF
Keep Your Eyes on The Cash
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