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Message: CLL Charts to Jan 21st-09

CLL Charts to Jan 21st-09

posted on Jan 22, 2009 04:17AM

The CLL Daily Right Side chart (to Jan 21st), although stabilzed, is riding just below the average highs and lows. It's now in a very tight trading zone which seems uncommitted.

Below is the Daily Resistance and Support levels - it seems that 78 cents would be the first challenge and then $1.00

The Weekly view of Resistance and Support shows the gravestone (2 weeks ago), followed by a bottom refusing mid-range hammer (last week). The bulls and bears have clearly defined they're fight area - the high of two weeks ago, and the low of last week....interesting to see who wins (I'm on the bull side personally).

There appears to be good support at these levels (higher lows have been maintained the last few days) . Each stock has it's own charateristics, and CLL is no exception. The consistency of the gravestone candlestick on CLL charts is clear - look at May and July above - price action just stops and turns almost instantly.....

Good luck,

Booster





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