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TraderRich

07/20/11 1:51 PM

#121029 RE: micham2012 #121014

I don't know. Here are my guesses...

3.25 - 62% retracement of the drop from 4.20 off of the 1.71 low.
2.95 - 50% retracement of the drop from 4.20
2.89 - 2.84 - Horizontal resistance line & 20ema on the daily chart
2.66 - 38% retracement of the drop from 4.20

Support:

2.48 - currently the 9ma on the daily chart
2.45 - Horizontal support from the ascending triangle
2.40 - 2.25 - Currently the 20ema's on 15 & 60 minute intervals, but in strong up trends now.