Targets are still the same as previous posts. Here is a quick chart. Mostly what I want to show is the bullish Cup/Handle and/or bull inv Head And Shoulders pattern (the blue horizontal lines).
I expect lower prices eventually, but first I expect higher. There are several reasons for this. But one reason, shown here, is : I expect a BEAR divergence to develop by getting higher prices, but a lower peak on the MACD hist (green lines). This will form the bearish divergence, followed by a plunge down.
Then, I expect a break of 1070 with a 1030 target.
Anything in blue is hand-drawn.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
No comments:
Post a Comment