Monday, April 28, 2008

Ferrochina Shooting Star Hanging Man Candlestick Chart Pattern Confirmed


A down bar candlestick formed today confirms the Shooting Star and Hanging Man bearish implication warning given last Thursday and Friday. Immediate support is the red support line. Support failure here will retest next support at $1.30. If this support does not hold a test of blue support line is next. Immediate resistance is the mid down bar resistance at $1.50

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