(M18) Remains Capped Ahead Of 21-DMA...>

SCHATZ TECHS: (M18) Remains Capped Ahead Of 21-DMA

*RES 4: 111.990 Monthly High Mar 28 

*RES 3: 111.984 Bollinger band top 

*RES 2: 111.945 Highs Apr 5 & 6 

*RES 1: 111.930 Highs Apr 10 & 13

*PREVIOUS CLOSE: 111.885

*SUP 1: 111.875 Low Apr 12 

*SUP 2: 111.864 Bollinger band base 

*SUP 3: 111.848 100-DMA 

*SUP 4: 111.830 Low Mar 14

*COMMENTARY: Hesitation ahead of the 21-DMA (111.925) continues with bulls

needing a close above 111.945 to confirm traction above the 21-DMA and shift

initial focus back to 111.986-990 where the Bollinger top is noted. Bears look

for a close below the 100-DMA to hint at a move back to the 55-DMA (111.809)

with below 111.830 to add weight to the case. Daily studies at modestly O/S

levels and the Bollinger base are the key concerns for bears.