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PowerShares DWA Technology Momentum ETF Message Board

  • larrywalker larrywalker Sep 16, 2003 12:21 PM Flag

    Chart Price Support

    Looking at the three-month price chart, there appears to be some support at $10.50. After that, there is strong support at $10.00. If the price breaks $11.00, I would expect one of the above supports to hold. However, with cold weather nearly here, the price might not break the $11.00 mark. I suspect that some of this selling is U.S. holders anxious about the foreign ownership statement, as well as profit taking because of the strong runup in price.

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