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
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.
I'm no chart guru either. Also, it looks like FMCN may break through the next resistance level soon. If volume is substantial on the day it closes above the next resistance it will be a momentum play into earnings. If anything good happens on the May 22nd GS Ninth Annual Internet Conference presentation at the Belligio in Las Vegas concerning the Allyes (internet advertising) acquistion, stock could see more good progress.