12 Mar 2008

Report at 0830hrs

GJ
GJ tested its low again at 203, which proved to be a strong support. The price rebound and potentially attempt EMA55 (daily chart) at 210.27

GU
Looking at the 1 hour chart, WMA5 now sandwich between EMA100 and EMA200 at 2.0096 and 2.0046.

Just below the EMA200 (1 hour chart) is the support at 2.0000, which GU tested it but failed to clear it and rebound.

Looking at the daily chart, should GU clear the price at 1.995 below the EMA200 and the 2.0000 support price, it will also face EMA100, around the price range of 1.990.

Should GU break north, it has to clear 2.011 and also the high at 2.0220, before potential going higher towards 2.030