Wednesday, October 14, 2009

20091014 0935 PLUS Highway Weekly Chart Study. Very Interesting !



Looking at the weekly chart of PLUS Highway and noticed a very interesting development taking place right now. It is either going to form a double bottom break up or is going to form a triple top. With this, I would say the 3.45 to 3.50 resistant level is very crucial simply because should price break above, it would signal a buy call and on the other way should the resistant failed to break, then it will have a high possibility of diving down to the 2.50 level. 

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