FIN Sector : Supports at 800, 780 then 745
March 11, 2011 Leave a comment
The FIN sector’s week chart shows all is not well. Closing at 821.33 there is a cluster of support at at 815-817, but it looks to us as if it may come down to 800 over coming sessions, with some chance it will not hold here and retest 780 or so very soon.
On the week chart a breakdown scenario at 78 would place 735-745 as the target zone, which is possible given uncertainty re brokers, of not all stocks in the sector.