Wednesday, November 14, 2007

PX - top island reversal

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PX = 9.6 (-10.7%)

PX formed a gap down black candle with significant volume.

PX seems to have formed an island reversal pattern. It will be confirmed if PX fails to close the gap down that it made today.

Support: 32MA
Resistance: 10-10.5
FR 38.2%: 8.6
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