- Dow Jones monthly chart with previous resistance levels at 11670 and 11750.
- Dow may find resistance between this level.
- But Fibonacci levels are showing a clear breakout above 61.8%.
- If month closes above 61.8% and 11750 the positional bull will become stronger. Then the next target is 78.6% Fib level which is above 12000.
December 29, 2010
- Suzlon Energy has been showing rising support levels in daily chart for sometime now.
- But Stock has many resistance levels to cross before it can turn bullish.
- 50 DMA is the first and the most important resistance above this MA there is a resisting trend line and the 200 DMA.
- For now the stock is expected to give a short trade from its 50 DMA.
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