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(Z9) Arrives At Resistance *RES 4:.....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Arrives At Resistance
*RES 4: 112.520 High Sep 10 and 12
*RES 3: 112.440 50.0% retracement of Sep 3 - Sep 13 decline
*RES 2: 112.375 38.2% retracement of Sep 3 - Sep 13 decline
*RES 1: 112.345 Intraday high
*PRICE: 112.340 @ 03:38 GMT Sep 30
*SUP 1: 112.225 Low Sep 24
*SUP 2: 112.185 Low Sep 19
*SUP 3: 112.165 Low Sep 13 and bear trigger
*SUP 4: 112.115 3.000 projection of Sep 6 - Sep11 decline from Sep 12 high
Z9 Schatz pushed higher Friday extending gains above the trendline breached last
week. The bear flag alluded to recently is no longer relevant. Despite this,
recent gains still appear to be a correction given that gains lack a bullish
impulse. Prices have arrived at a cluster of resistance. The 50-day EMA is at
112.355 with 38.2% of the Sep 3 - Sep 13 decline at 112.375. A break would be
bullish. Sub 112.225 prints would instead suggest the bear trend is resuming.

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