7 Apr 2008

Reported at 1030hrs SGT
GJ
A consolidation was made with a down candle on Friday. This could be a part of the B-wave, before a big C-wave up and provided GJ clear EMA55 at 204.0 (daily chart). It could reach EMA100 (daily chart) at 208.5.

It may take a few days for consolidation, putting GJ in between the price range 204 and 201.5, EMA55 and EMA21 (daily chart). There is of course possibility of GJ breaking EMA21, thus bring the price to 197.1

For today, resistance is at 206.6 (resistance during 02-10 Mar), then 208.5 (EMA100 daily chart)
Support is at 202.4 (WMA100 1 hour chart), then 201.7 (EMA200 1 hour chart)

GU
GU is moving down as seen from CCI.

Looking now at the 1 hour chart, WMA5 has break EMA200.
Support is at 1.9870 and 1.9840.

This ring the resistance at 1.9920 (EMA 100/ EMA200)