Wednesday, November 08, 2006

 

CG Tech break down...

CG Tech broke down the uptrend channel today as shown in the daily chart. As expected in the previous post, CG Tech bearish divergence shows that price rally cannot be sustained and price tend to correct in the direction of the divergence. A potential resistance as shown could prevent CG Tech to move up unless it break up the resistance...

# posted by chua @ 9:33 PM
Comments:
Not conclusive yet, just a normal correction in my 2p.
# posted by Blogger TopTrader : 11:14 PM
 
that "potential resistance" does not make sense due to short duration.
# posted by Blogger TopTrader : 3:54 PM
 
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