Monday, May 10, 2010

MEDC - INVERTED HEAD & SHOULDERS + SYMMETRICAL TRIANGLE

MEDC AFTER FORMING PATTERN INVERTED HEAD & SHOULDERS, CURRENTLY POSITION IS IN THE MIDLLE OF PATTERN SYMMETRICAL TRIANGLE WITH SUPPORT 2725 NECKLINE BREAKOUT.

2 WHITE ARROWS SHOWN IN THE CHART:
*IF THE ARROW BREAKS UP, MEDC WILL GO DIRECTLY TO OUR TARGETS 3200 & 3400.
*IF THE ARROW BREAKS DOWN, MEDC WILL CONTINUE ITS CORRECTION TO LEVEL 2550-2600 FIRST BEFORE REACHING OUR TARGETS.