June 8, 2012
- Price has formed a reversal formation in daily chart. But the falling wedge breakout is still intact. Wedge may fail only if price starts to trade inside the pattern again.
- 200 Hour SMA is acting as resistance as shown in last chart. Good support is seen near 50 Hour SMA.
- On bigger time frame 50 Week SMA and 1266 is the key support levels and resistance at 1334.