Today's interesting charts
Eoin Treacy's view S&P500
- remains
in a relatively steady period of mean
reversion back towards the 200-day MA. A sustained move below 1250 would
be required to question the consistency of uptrend, while a fall below 1200
would indicate a deeper questioning the medium-term bull market hypothesis.
Platinum
- continues
to find support
in the region of the 200-day MA and would need to sustain a move below $1745
to question medium-term scope for a successful upwards break.
Crocs
Inc. - remains
within a consistent medium-term
uptrend, defined by a progression of higher reaction lows. It has found
support in the region of the 200-day MA on successive occasions and would need
to sustain a move below it to begin to question uptrend consistency. It would
be best bought following a reaction.
Elephant
Talk Communications - found
support
at the lower side its 9-month range last week, posting an upside weekly key
reversal. It followed through this week and a sustained move below $2 would
be required to question medium-term upside potential. This article
kindly forwarded by a subscriber may be of interest.