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- Last Update: 19 March 2019, 18:08
Relative Performance Charts
Support / Resistance Lines
3/8 the under pinnings of this latest attempt on the old high can be seen as very weak in the down trends shown at the top of the chart. This negative divergence with money flow dropping while price is rising tells me price will fail to make a new high and instead will drop to retest the bottom.
3/8 at 25,450 you can see the very strong resistance to price making a new high. I think price pulls back to retest 24,000, I think there could be a short lived bounce at 25,000 support
3/8 at 2743 and dropping. I think it is going down to test 2500.
3/12 at 2797 another attempt to break through strong resistance above 2800. I don't think a breakout to a new high is in the cards without a pullback to test support. This bounce up is due for a pullback and I think that happens in March.
3/18 overbought and I am waiting for the signals to turn down to short or buy puts.
3/18 I expect 192 resistance to stop it for a pullback to 176, currently at 188
3/12 as you can see our signals are breaking out, triggered by the latest analyst upgrade to 210. There is formidable resistance between 182 an 192 and I expect a pullback to retest the 10 week uptrend.
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