Friday, January 6, 2012
Price gapped down to test the support zone at LMLH ,and zoomed upto the resistance line at 4780 zone.It has reversed from 50 SMA giving a positive sign for the upmove to continue.
Current Swing Targets at 4850 - 4900 zone where there is a confluence of
1.Major Red median line resistance and minor green median line resistance
2.Downsloping resitance trendline
3.61.8% R for previous swing