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(M0) 50-day EMA Under Pressure *RES....>

SCHATZ TECHS
SCHATZ TECHS: (M0) 50-day EMA Under Pressure
*RES 4: 112.745 High Mar 13
*RES 3: 112.585 High Mar 17
*RES 2: 112.470 High Mar 18
*RES 1: 112.375 Intraday high
*PRICE: 112.275 @ 04:53 GMT Mar 19
*SUP 1: 112.174 Low Mar 18
*SUP 2: 112.100 Low Mar 25
*SUP 3: 112.055 Low Feb 24
*SUP 4: 112.030 Low Feb 21 and key support
Schatz remains softer as the selling pressure that unfolded last week dominates.
Price has breached an initial key area of support around the 112.448 level, the
20-day EMA. The breach suggests scope for a deeper pullback with the 50-day EMA
at 112.248 (cont) also under pressure. A clear break would pave the way for a
move towards the Feb 21 low of 112.030. Yesterday's 112.175 is the bear trigger.
Resistance is seen at 112.470.

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