INDU is stablizing above the support area, a good sign to the bulls.
Tag Archives: Support
GOOG bouncing back
GOOG is bouncing back but at much slower pace! The recent resistence has become the new support. The new resistence is around 199.
Dow Jones Industrial
INDU is at double or triple bottoms, we shall see some oversold rally. The stop can be placed below current support level. The next support level is around 10,200.
GOOG
GOOG closed at the previous resistence and new support at SMA 20. The spike on the intraday was probably caused by short-squeeze, but it did’t follow through at close.
CHN
CHN has seen some increasing selling. It should find the support soon.