28 Apr 2008

Reported at 0730hrs

GJ
Price of GJ has climbed, but WMA5 stop short at EMA100 (daily chart).

Should WMA5 punch through EMA100, GJ can reach 214 at EMA200. But from now at price 207 to 214 is too big a climb for GJ in 1 day. Give a half way make at 210 or 211, should set the resistance.

On the other side, WMA5 can rebound EMA100 and head back to EMA55. That bring the support at 204.

CCI shows a side movement.

GU
CCI showed a down trend.

Resistance is at EMA100 (daily chart) 1.9880 and EMA200 (daily chart) at 1.9940.

Moving down, support is at 1.9670 and 1.9600, (Fib retracement).