TOP : Likely to retest support at 74.50-75.00
July 31, 2011 Leave a comment
TOP has decent support at 74.50-75.00 or so, but a retest of this range looks likely. If it fails then 74 is the next level to watch, with lower support seen at and near the 200 day SMA at 72.50.
To turn bullish a daily close or two at 79 or better is needed, but for the early part of the week downside looks more likely.