Wednesday, 17 February 2010 00:00
POINT OF VIEW
ITMG Strong Resistance in TIME and Price
Comment
Traders should be aware of resistance ahead. We found that ITMG movement was a
wave 2 or B. The possible end of wave 2 or B area will be around 32.300 –
33.150 on Feb 18 – 23. Beware when PRICE decline aggressively around 32.500 –
33.000, it will be a valid reversal. Exit immediately.
The good news is, if price can moves stronger than our estimation, it should be
close above 33.150.
SET A TRAILING STOP to protect the profit.
(Click the picture to open the original size)
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