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Focus Media Holding Ltd. Message Board

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  • paultradestoday paultradestoday May 16, 2008 12:37 PM Flag

    paultradestoday?

    Actually as predicted the earlier resistance has been broken so at a price of 41.77 the s and r is:
    Support:
    38.54 -3.23 points (-7.73%) below the current price
    32.66 -9.11 points (-21.81%) below the current price
    Resistance:
    43.85 2.08 points (4.98%) above the current price
    50.37 8.60 points (20.59%) above the current price
    54.95 13.18 points (31.55%) above the current price
    58.98 17.21 points (41.20%) above the current price

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    • Thanks. I thought the resistance and support would change as prices and volumes changed, earlier resistance and supports were broken, etc. I guess I was correct on that anyway. I appreciate the information. As I said before, I am not much of a chart guy.

 

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