4 Mar 2008

GJ
GJ make a new year low yesterday, hitting 203.48. It rebounce off this support and head straight towards EMA21 (1 hour chart).

Of course, it is always two things would happen - up or down. The price now hovers between EMA21 and EMA55 (1 hour chart).

Should the price turn down and sail towards 203.0, it will gain momentum to hit towards 200

Resistacne line is at EMA100 (1 hour chart) at 206.3

GU
GU price nows hovers between EMA100 and EMA200 ( 1hour chart). The channel has been closing and a breakout would happen.

Should the price clear 1.980, it will it supported at 1.975 (EMA55 daiy chart) before deciding to rebound up or continue its road south.

Should the price break 1.987, it will gain momentum to hit 1.996 (EMA200 daily chart) and potential clear 2.000