98 2 1
Big resistance area right here
Are you shorting this and if so, what is your stop loss? 26.43? It looks like it is above the big volume day from Jan 29 when it sank from 25.40 down to 24.64. Also, it is above the high volume down day from Oct 22 from 25.24 where it closed before dropping to 24.04. If you look at the chart from a volume perspective, it is sitting above where the highest volumes have traded. Just a different perspective based on the two-highest volume bars on the chart you have analyzed. Note the 3rd highest volume day is back in May and is also around the same price zone. Interesting. TIm Monday, 8:35PM EST Feb 17, 2014
KLang PRO timwest
I don't see a short set-up here at this time, but this is a challenging area and I wouldn't be long here. That selling tail on Friday tells me this is still an important area.
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