Sunday, 15 April 2012

CWT, Kepland & GuthrieG - requested by UTA

CWT
Previous call on CWT - http://tradeforthebetterfuture.blogspot.com/2012/04/week-0204-0604.html
Previously CWT was consolidating and it broke down the support of 1.26.
It managed to find support at Fibo 23.6% of 1.21 price level and rebounded off from there.
Currently, the support has turned into resistance.
Therefore watch closely when CWT comes towards 1.26 level.

KepLand
Kepland has a descending triangle forming.
With the Fibo 78.6% level as well as the 50MA as support of 3.31 level.
This support is critical has more downside will come if this support breaks.

GuthrieG
GuthrieG seems to forming a bull flag (more obvious in the weekly chart).
If this counter remain bullish, it is projected to travel towards 0.72 level.
However, if this counter breaks below 0.62, it won't be that bullish anymore.



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