SUNW is once again reaching the resistence level. I’m unloading some March SSF as I have accumulated some June SSF. The spread on SUNW’s SSF is still large, currently about 0.03 – 0.04.
Tag Archives: Resistence
SUNW is on the move …
SUNW is once again reaching the resistence level. I’m unloading some March SSF as I have accumulated some June SSF. The spread on SUNW’s SSF is still large, currently about 0.03 – 0.04.
HNP
HNP is now in overbought condition. However, the volume has picked up a little. The next resistence is around 32. I’m ready to sell my May 30 calls.
HNP
HNP is now in overbought condition. However, the volume has picked up a little. The next resistence is around 32. I’m ready to sell my May 30 calls.
LU and HNP
LU bounced back from low of 3.12. It has broken the resistence at SMA 20, which it had done last month but failed to folllow through. The next resistence is the downtrend line overhead, roughly at 3.5.
Since HNP broke down from the triangle and formed a double bottom, it has rallied back the breaking point 30. There is one point of room for it to go higher before reaching the downtrend line formed since last Sep. It does not hurt to take some money off the table now.