This tested the short term downtrend yesterday before dropping to test the 123p support half way down the hammer (this is quite common). It's now trying again to break out of this resistance. I'm looking for a close above 135p (yesterday's high) to signal a possible attempt at the next price resistance at 154p.What we'll then be looking for is a higher low (above the 116p one from a few days ago) and then a 123-low breakout. Plenty of time before we get that far though. Trendline break and 135p to get through first. Looks OK so far though. Original link...

MKS is very close to the 432p level now. You can see that level's importance on this weekly chart:The ascending triangle target on a breakout would be 672p where there is natural resistance. Obviously it would take ages to get there and there's the gap at 518p to deal with but the RSI looks like it's breaking out...I'll wait for a close above 432p and then look to enter long on a backtest of that level. Original link...

We can see how this has now broken through the huge weekly ascending triangle, hit the next resistance at 454p (important historic one) then dropped back to almost test the 432p breakout before motoring on.The breakout was indicated early be the RSI breakout on the 15th May and it backtested the RSI trendline perfectly. It's amazing how often RSI works better than price for supports and resistances.Next resistance for MKS is 492p where the big gap down occurred in Jan 2008. From there it may well drop back to test the 454p breakout but that long term goal of 672p remain valid for now. Original link...

LLoyds Banking Group is now firmly into a major resistance area of the 58.02p gap, 60.86p and 63.4p price highs. For Elliott Wave enthusiats, there also looks to be a complete set of 5 waves up, including the subwaves, from the 21p area and the RSI has formed a clear long term bearish divergence so a retrace may be due on this stock.Supports to look for are at the wave 3 high of 56.14p, the trendline at 48.41p (today, falling daily), the wave 4 low at 46.08p (also the 38.2% Fib), 39.25p and 36.73p (close to the 61.8% Fib). Original link...

GENL didn't quite make to to its all time high at 943p on the recent attempt and looks to be in corrective mode now.It's still clearly in an uptrend as shown by the RSI staying above the 30 mark (barring a blip) so should find support before resuming upwards.Supports are at 883p (currently at it now), 834p, and strong support at 771p from the recent lows and the trendline in a few weeks. Resistances are at 930p and 943p; above 943p is blue sky. Original link...