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Sunday, January 23, 2011

PCHEM







This counter is new and Technical Analysis on this counter is limited by will try my best to help my visitor to review this counter

Observation
1) Trendline - Broke the Uptrend line - Bearish
2) HH - Retracing from the Higher High but still far away from previous higher low at 5.81
3) MACD - Limited data but showing bullish
4) RSI - Retracing but if on Monday break above the uptrend line possible to rebound
5) ADX - At 44 which is having high momentum but bearish

Conclusion
Entry Price = 6.3
Stop Loss = 6
Take Profit = 6.6



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