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[Previous entry: "MGG Exiting 2nd half for +$2.12, 4.6%"] [Main Index] [Next entry: "IMCL Stop-loss Break even"]
05/19/2004 Archived Entry: "IMCL intraday support."
Click for IMCL 30 minute chart.
The above chart shows intraday SK support at $73.00 and $71.50 .. The higher one held for a bit, then broke, which is not a good sign for the bulls. The lower one at $71.50 needs to hold or we will have a break-even exit at $71.00 .. The 30-min TRSI looks like it may aupport at 40, so there is a possibility of the SK support below to hold. Scalpers may consider longs in that area if TRSI crosses up. Unless the bulls really get on board, we may have an exit at P1 at best! The high profit-points look less likely, though some futured momentum can change this picture.
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