11 Mar 2008

Report at 0800hrs SGT

GJ
It did a big dive down yesterday.
From the daily chart, GJ has the momentum to contiune its downward climb should be break year low at 203.5 or around 203. Support at 200.0

Resistance at EMA21 (1 hour chart) at 205.2 and EMA200(1 hour chart) at 206.5 should GJ reverse today and bound off year low support.

GU
It did a consolidation yesterday. The trend may contine and take support at EMA200 (daily chart) at 1.998, thus should it rebound from here, this will form the B-wave.

Looking at the 1 hour chart, WMA5 hovers between EMA100 and EMA200, 2.011 and 2.0036.
Should the price break at 2.014, resistance will be at 2.022.
Should the price break 2.0030, support will be at 1.998