Thursday, May 22, 2008

Jade Testing Major Downtrend Resistance


Blocked by red downtrend line after 2 days surge. Need to clear 16 cents to regain momentum for higher climb to next resistance at 17.5 cents. 200 days EMA resistance line must be taken out to propel price towards major resistance at 21.5 cents. Immediate support is 13 cents followed by 50 days EMA support line. Next support is 11 to 10.5 cents support band.

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