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Focus Media Holding Ltd. Message Board

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  • paultradestoday paultradestoday May 13, 2008 12:58 PM Flag

    above 40 buystops galore

    Resistance describes the price at which sellers will enter and stop the prices from rising. Note that 1st resistance is at 39.91. If the day closes with higher volume above this point...BACK UP THE TRUCK because sellers will be weak and buyers strong and the next resistance level (21% from here)can be approached.

    Support:
    36.89 -2.35 points (-5.99%) below the current price
    32.66 -6.58 points (-16.77%) below the current price
    Resistance:
    39.91 0.67 points (1.71%) above the current price
    47.75 8.51 points (21.69%) above the current price
    54.95 15.71 points (40.04%) above the current price
    58.98 19.74 points (50.31%) above the current price

 

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