(M18) 100-DMA Supporting For Now.......>

SCHATZ TECHS: (M18) 100-DMA Supporting For Now

*RES 4: 111.945 Highs Apr 5 & 6 

*RES 3: 111.930 Highs Apr 10 & 13 

*RES 2: 111.923 21-DMA 

*RES 1: 111.890 High Apr 19

*PREVIOUS CLOSE: 111.870

*SUP 1: 111.858 Bollinger band base 

*SUP 2: 111.845 100-DMA 

*SUP 3: 111.830 Low Mar 14 

*SUP 4: 111.814 55-DMA

*COMMENTARY: Hesitation ahead of the 21-DMA has taken its toll with a sell-off

that is finding support around the 100-DMA for now. Bears now look for a close

below 111.805 to confirm a break of the 55-DMA and initially target 111.715. The

Bollinger base is key concern for bears. Bulls now need a close above 111.890 to

ease bearish pressure and above 111.945 to confirm traction above the 21-DMA and

shift initial focus back to 111.989-990 where the Bollinger top is noted.