Tuesday 29 March 2011

SPI 5mins- breakout in play?

This morning's support levels at 4740 held. I am now seeing a breakout of a potential Triangle pattern on the 5min chart and adding to longs. Target for this play is the previous highs at 4790 in the ensuing days. Short term traders have to be able to hold to the close to capitalise correctly.

SPI 5mins: