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(M18) Initial Focus Shifts To 55-DMA.....>

GILT TECHS
GILT TECHS: (M18) Initial Focus Shifts To 55-DMA
*RES 4: 123.57 Low Dec 1 now resistance 
*RES 3: 123.03 High Apr 4 
*RES 2: 122.84 High Apr 11 
*RES 1: 122.09 21-DMA
*PREVIOUS CLOSE: 121.97
*SUP 1: 121.55 Daily Bull channel base off Feb low 
*SUP 2: 121.33 55-DMA 
*SUP 3: 121.13 Bollinger band base 
*SUP 4: 121.04 Low Mar 22
*COMMENTARY: The most recent lack of topside follow through has resulted in a
close below the 21-DMA with focus having shifted to the 121.33-55 region where
the daily bull channel base off Feb lows and the 55-DMA are situated. The 21-DMA
is now initial resistance with bulls needing a close above to gain breathing
room and hint at a bounce back to 122.84-123.05 where Apr highs so far are
found.

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