Saturday, June 30, 2012

Home Construction Index Analysis

It's near a good resistance and very good chance of it coming back to test 38.2% FIB retracement on 5y chart. Chart is OB on 5y, 4y, 3y and 2y. On ST time frames, it can go and test 385 area first.

RSI on 5y chart has been negative as well.