Posted above is a three year chart of CACH note that the colored lines are for weekly, monthly and yearly rolling high and lows with white being weekly, aqua being monthly and black yearly. I would have put quaterly rolling averages but the clutter was to high.

If you look at the chart there are several things to note that when the weekly monthly and yearly are all at the same value they become either support or ressitance. You can see that the yearly rolling average plays a major key. When the yearly low is broken by both the weekly and monthly and then stabilizes as the weekly and monthly start to climb this would indicate the new level of support for the stock the same can be concluded by the yearly high when it is broken and then stabilized by the weekly and monthly stock prices decreasing marking the latest ressistance level for the stock.

It should be noted that the program is playing a major part in picking these levels by picking the high and low rolling averages. None the less it does provide a very good insight as to how the stock is doing compared to pass and present performance.

Looking at this particular chart it would appear that this stock is headed up in the short term until it find ressistance at the rolling yearly high but this could be broken and go on to set a new ressistance level or fall short of making it to the present level of the yearly high.

Disq