Kay, so on CSUN. Here's a few important things to notice. Virtually every high volume day matches up with testing one or both of the red support/resistance levels. I'm confident in saying that the other lower high volume days will correspond with other support/resistance levels or MA's. They've been tested many times and in my opinion if this stock did shoot up and come down, it would definitely try to find support at around the $12 range. This is major breakout, hitting an all-time high, breaking through resistance and breaking the 3rd blue fan line signalling an official trend reversal.
Thursday, December 27, 2007
CSUN breakout
Kay, so on CSUN. Here's a few important things to notice. Virtually every high volume day matches up with testing one or both of the red support/resistance levels. I'm confident in saying that the other lower high volume days will correspond with other support/resistance levels or MA's. They've been tested many times and in my opinion if this stock did shoot up and come down, it would definitely try to find support at around the $12 range. This is major breakout, hitting an all-time high, breaking through resistance and breaking the 3rd blue fan line signalling an official trend reversal.
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