NoLuckNeeded

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CAT 25% | 1 DELL 25% | 1 SLV 25% | 1 ATK 25% | 1
NoLuckNeeded NoLuckNeeded SLV, W,
SLV: Clear patterns SLV
203 0 0
SLV, W
Clear patterns SLV

Around 25.58, there is a strong support that has been tested several times. At 34.00, what was a support in the beginning of 2011 is now a resistance. Moreover, a complex reverse head and shoulders is in formation. (Two left shoulders and the head are highlighted). In short, it looks like a good buy around the price level of the past shoulders (27.50) and a ...

NoLuckNeeded NoLuckNeeded DELL, W, Long ,
DELL: DELL on weekly support
263 0 0
DELL, W Long
DELL on weekly support

The support zone and resistance zone is clearly define. This is looking like a good trade opportunity. Still I would be careful for any downward breakout of the support and would put a stop loss around 11.25 just in case.

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