Saturday, April 4, 2009

[Analysis] GJ ..Weekend

A Chart above is weekly chart. Last 2 week i'd paste this chart, you can see now GJ price broke the red trendline and on the way to upper red trendline. This upper trendline is a strong resistance for GJ i don't think GJ can break it with just one move, because GJ have to get an another strong momentum to break it. In my opinion GJ will go down next week because new candle for weekly will try to find last resistance ( red trendline) we can call it new support for GJ. But trend still bullish for GJ with my long term target at fibo 38.2% and fibo 50%.

ps: Trade on your on risk. This is just my opinion if you disagree please put your opinion in comment. :) Have a nice weekend. Good luck.

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