Monday, October 20, 2014

ITC (by EOD Oct 20)


Observations: (in continuation to ITC-Oct 17 EOD observation):

Weekly chart:
MACD-Sell signal in the developing candle.

Day Chart:
Still moving inside the down channel. Closed below 15-WMA curve.
61.8% retracement for the upmove from 312.50 to 379.90 is 338.25. (= possible target).

60 min chart:
MACD-sell signal in the last candle.
Whole day movement was inside a new down orange channel.

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