I placed one trend line off the previous two monthly lows and another trend line off the preivous two monthly highs. Then I placed a vertical line off this month's time line. And where they intersect at is my area of interest for support and resistance. The 2910 area is where I'll be watching.
Also included is a 314EMA. Why 314? What is Pie? 3.141592653. So, I just took the first three digits and used that as a moving average. Notice what price did once it hit pie back in March of 2009. After hitting pie, it went to the sky.
Also included is a 314EMA. Why 314? What is Pie? 3.141592653. So, I just took the first three digits and used that as a moving average. Notice what price did once it hit pie back in March of 2009. After hitting pie, it went to the sky.