Thursday, July 15, 2010

ELSA - WEEKLY WAVE SIDEWAYS ABC

MA 60 WEEKLY USUALLY ACTS AS A GOOD SUPPORT, BUT IF BREAKDOWN, IT WILL BECOME A GOOD RESISTANCE AS WELL.

CURRENTLY ELSA PRICE IS BELOW MA 60 WEEKLY, NOT A GOOD TREND ACTUALLY.

ELSA SUPPORT @300-310, WE SHOULD SEE A MINOR REBOUND TO WAVE B, AFTER THAT IT MAY GO DOWN TO WAVE C IF THE TREND IS NOT CHANGING.