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ospreyeye

03/08/13 2:54 PM

#906 RE: ospreyeye #905

ECTY Chart......riding between MA(10) & the upper Bollinger Band.......

As long as MA(10) support holds it's all good......if MA(10) @ 0.793 support breaks the next support level is MA(20)/Middle BB @ 0.727......

Keep an EYE on MACD & TRIX......they both look set up for Bearish Crossovers.......these are both lagging indicators.......TRIX is a smoothed out version of MACD......

Parabolic SAR just flipped to a Buy signal on Thurs......it's flipped twice in the last 5 trading sessions.......shows indecision.......& clear support & resistance levels......

What's needed now?.......ECTY needs to close above the closing price on the 25th of Feb.......that is resistance........resistance levels are created by closing price levels not intraday highs......it's the close that's important!..........

ECTY on close above resistance radar..........$$$