Firstgroup ST: rise towards 398.5
19 Apr 2010 - 08:39
Click here to see our chart:
http://www.tradingcentral.com/chart/FGPGBp100419093807.gif
Our pivot point is at 356.25.
Our preference: rise towards 398.5.
Alternative scenario: below 356.25, expect 342.75 and 335.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and
above its signal line. The break above the 50 area on the RSI would call for
further upside. Moreover, the stock is above its 20 and 50 day MA (standing
respectively at 370.45 and 364.01).
Supports and resistances:
406.5 *
398.5 **
390.25
372.7 last
361.75
356.25 **
342.75 *
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