July 12, 2009
XOA Shows Strong Bullish Signal
By Planet Wealth
The XAO rejected the Head and shoulder neckline we spotted last week and used past resistance and Moving Averages (MAV) as support for the bounce.
This is currently a strong bullish signal. The next resistance level is 4050. But if support at the Mav’s and weekly support line fail, the next area of support is 3500.
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Topics: bullish signal, stock market, Technical Analysis | No Comments »
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