The lack of follow through on dips is providing bulls with some comfort combined with the proximity of the Bollinger band base. In saying that, the 21-DMA remains key resistance with bulls needing a close above to confirm an easing of bearish pressure and a shift in focus to the 94.10-71 region where 55 & 200-DMAs are located. While the 21-DMA caps bears target the 2013 low with the Bollinger band base the key concern.
RES 4: $95.07 – High Aug 29
RES 3: $94.10 – 55-DMA
RES 2: $91.79 – 21-DMA
RES 1: $90.41 – Previous daily support now resistance
LPRICE: $90.20
SUP 1: $88.76 – Low Oct 6
SUP 2: $89.34 – Bollinger band base
SUP 3: $88.18 – Low Oct 2
SUP 4: $87.85 – 2014 Low Jan 13