(Z18) Bulls In Charge Above 55-DMA.....>

SCHATZ TECHS: (Z18) Bulls In Charge Above 55-DMA

*RES 4: 112.130 High Jul 2 (continuation chart) 

*RES 3: 112.080 High Aug 13,15,17 (continuation chart) 

*RES 2: 112.050 Double bottom target (continuation chart) 

*RES 1: 112.010 High Oct 17

*PREVIOUS CLOSE: 111.915 

*SUP 1: 111.880 Low Oct 22

*SUP 2: 111.867 55-dma 

*SUP 3: 111.745 Low Oct 11 

*SUP 4: 111.710 Low Sep 25,26,27 

Yesterday's losses were recovered ahead of the 55-dma to keep the bullish

picture intact but bulls need to overcome the Oct 17 high at 112.010 to reignite

upside momentum extend the rally to the double bottom target at 112.050. Above

here lies the August peak at 112.080. Bears need to break below yesterday's low

and the 55-dma, currently at 111.867, to open the Oct 11 low at 111.710 and

return the focus to the downside.