TTA : Next resistance 21.25 – its 300 day SMA

A strong breakout candle on TTA points to its 300 day SMA at 21.25 as a potential barrier for the week.

A breakout above this resistance would suggest a move to the cluster of trend resistance nearer 22.30-22.50 is possible

First support is now 20.50 then around 20.25 and 20

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: