Saturday, March 25, 2006

Top Vol No 10: Luzhou



Immediate resistance: 0.615
Immediate support: 0.565

Luzhou seems to be in wave 3 right now. Wave 1 from 0.425 to 0.535 and wave 2 from 0.535 to 0.475. Therefore, wave 3 target should be (0.535-0.425)x1.618 + 0.475 = 0.653. Heavy resistance should be seen at 0.65/0.655 lvl.

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