Example       Daily UK Stock Report     March 30 2006
 
     
  MTN  
     
   
                                                                                           
 
 
   
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
                                                                                           
   
  Opinion: Mildly bullish    
  Though off recent highs of late, the recovery from the decline of April last year is still above the developing rising support trendline and thus on track to reach the objective of 207/211. Yesterday's initial upturn from static support at 192/190, which encompasses the trendline is an indication of accumulation at this area and an indication that upward momentum is about to continue  
   
   
  What would indicate a different scenario ?    
  Any close below support at 190 combined with the dynamic trendline will bring the recovery attempt to an end and is our cue to exit all long positions.   
   
   
  Key bull triggers activated by closing break MTN relative to FTSE 100  
  Resistances Implications if overflowed
 
                                         
  198 Confirms a bounce from dyanmic trendline support, which after a return to recent highs of 203.75, hints strongly at a rise to 207/211.       
       
       
           
       
       
       
  Key bear triggers activated by closing break      
  Supports Implications if broken      
  192/190 Overturns the bullish phase from January and exposes the stock to a retreat to lesser support at 184       
       
       
           
       
       
       
  Supports and Resistance table - Nearest Levels*      
  Supports 192/190 184        
               
                                             
  Resistances        
    198 203.75 207/211  
   
  * A close above any given resistance, or beneath support is needed to confirm a break.  
   
   
   
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