TCC : If 2.68 fails our target will be 2.38-2.42
February 24, 2011 Leave a comment
TCC is in the danger zone. As can be seen on its daily chart below, there is key resistance at 3.80, and the longer if fails to penetrate this level, the greater the chance of a pullback to 3.38-3.42.
Use a daily close below 3.68 as confirmation of the pending fall and a close above 3.80 to cancel this bearish forecast.