Friday, January 22, 2016

OLYMPIC

January 23, 2016


                                                              Weekly Chart
I am not suggesting a trade, I am just outlining this key area.  It's clear that the OLYMPIC is testing key level across the board. The rising trend line and long-term  horizontal support among 241-243 region. I would be very cautious at current levels. If we bounce here  it could bring more upside. 

                                                  Daily Chart

Illustrated on daily chart the short term potential scenarios for OLYMPIC Bullish resumption is favored. 

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