NYSEAM:SVLC - Post by User
Post by
briton Sep 09, 2010 12:23pm
396 Views
Post# 17429671
Latest TA on SVL
Latest TA on SVLHey Mates,
Here are the latest Fibonacci numbers
as of yesterday's close.
Frankly we need some consolidation on reasonable volume around the $1.05 - $1.10 range to establish solid 5+
Confluence before it is safe to assume upward momentum is again in play.
Now today's announcement could however give us a determined move to the low 20s given the minimal resistance
Confluence to the upside, except for the mid-teens, which needs to be worked through. However we require solid volume on any strength if a move of that magnitude is to be achieved and maintained.
RSI and MACD continue to remain within reasonable levels.
Cheers,
Brit .................
| Type |
Value |
Conf. |
| resist. |
1.16 |
3 |
| resist. |
1.15 |
2 |
| resist. |
1.14 |
8 |
| resist. |
1.10 |
2 |
| supp |
1.07 |
2 |
| supp |
1.04 |
2 |
| supp |
1.01 |
5 |
| supp |
1.00 |
11 |
| supp |
0.99 |
8 |
| supp |
0.96 |
4 |
| supp |
0.93 |
4 |
| supp |
0.92 |
6 |
| supp |
0.90 |
2 |
| supp |
0.88 |
4 |