28 Mar 2008

Report at 0900hrs
GJ
It failed to punch through EMA21 (daily chart). The price test the EMA21 and retrace back to the 200.5 resistance level.

It has been a number of days where GJ hovers around 200.5 and 196.4

Beware of a big breakout and it can be in either direction.

Resistance is at EMA55 (daily chart) at 205.2.
Support at 192.5 or even 190.0

GU
There is still uptrench stream, given the strong support at EMA200, EMA100 (all daily chart) at 1.993 and 1.998 zone.

Should it go up, it should close high above 2.0145 and should it break 1.9930, support is at 1.9730