Update on supports and resistances. ( 09/03/2012 13:39 )
Pivot: 33.20
Our Preference: LONG positions above 33.2 with targets @ 34.14 & 34.9.
Alternative scenario: The downside penetration of 33.2 will call for a slide towards 32.8 & 32.45.
Comment: supported by a rising trend line.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
35.55** Fib retracement (61.8%)
34.9** Horizontal resistance
34.14** Intraday resistance
33.908 Last
33.2** Intraday pivot point
32.8* Intraday support
32.45** Intraday support
TIPS
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