Tuesday, November 22, 2011

Morning 30 mins analysis

if it hits 15 bids lower ...... 2660 ...... Most prob will be down trending .....

Pivot range

What is pivot range support resistance ?

Take K REIT rights
22 nov
Low 0.12
High 0.19
Close 0.18


Pivot price
High + low + close
= (0.019+0.012) /2
= 0.0155 round off 0.015

2nd number
High + low + close
= (0.019+0.012+0.018)/3
= 0.0163( round off 0.016 )

Difference = 0.001

So pp+diff = resistance
Pp- diff = support
0.014support ,
0.016 resistance