29 Feb 2008

GJ Hi 210.16
Lo 207.95

GJ did a major pull down yesterday. It broke through the support at 209.0
The next support is at 207

Potential, GJ needs a breather or a reverse before another climb down.

I expect it to reverse at 208 back to EMA21 (1 hour chart) at ~209.5
Of course should be it below 207.5, it may go to the next support at 207.0 / 206.0


GU
GU did another attempt at 1.997 (EMA200 Daily chart). It breakout of the EMA21 (1 hour chart) at 1.986 and instead of reversing to EMA100 (1 hour chart) to 1.980.

The price now is at 1.988, hovering just above EMA21 (1 hour chart)
It may does another breakout at 1.995 and potential to head towards 2.000
It may on the other choose to consolidate and move side way, or attempt to break EMA21 (1 hour chart) towards EMA55 (1 hour chart) at 1.980