Sunday, 2 October 2011

Imperial Tobacco

Not as good as Lorillard but quite constructive nevertheless.Gapped above the triangle but ran into resistance Friday with what looks like a bearish engulfing shooting star candle (almost a gravestone doji ?).May be choppy for a while with eventual break upwards ? On the weekly there is basically a 14-28 range (ie doubling) so 21 midpoint support

No comments:

Post a Comment