Tuesday, June 29, 2010

AXA : Chart Update 30/06/10







Looks like AXA looking for support. Weekly charts seems to show Bullish divergence between Prices and stochs. On the daily chart, stochs is trading at the outer band of the O/S levels. Dow had plunge 268pts overnight most stocks had gaped down, AXA, no difference, had opened lower but not making new low though. But keep in mind the large gap up the past weeks which if its closed prices will have to come down to $4.90. But if support hold here and prices is already at O/S levels, prices may make new high from here.

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