Support & Resistance: SCLP

dl.dropbox.com/u/4899609/sclpoct25th.png

Support. 42.53(61.8fib),,40.74(trend line),,37.86,,36,,29.68,,29.45(trendline),,28.1
Resistance. 50.5,,62.5,,65.15

The best area for long entry is near the 42.5 area(61.8fib). How ever if that level fails to hold then a full retrace back to 28 area could follow.





dyor
remo

Not many trades today (so far 37). I think when this spiked up recently T/S said nearer to 45p may be a better entry (I think I remember correctly).

Any more accurate S&R than yesterday's end of day:

dl.dropbox.com/u/87556809/9bcf781cbfcf86...f6c5b7bfc1c9_png.mht

I take it the previous top close sp provides no support - 40p 20/8/12?
Just a wait for the oblique support and a bullish engulfing candle?

Looking at this as a longer-term (end of 2013)small wager,but in no hurry to buy at present.