Google Ad Choice

Sunday, February 20, 2011

OIL and GAS sector broke the Symmetrical Triangle

Oil and Gas Sector is on the bullish run




Obersevation
1) Trendline - Short Term Uptrend (Bullish)
2) HH - Broke the previous higher high (Bullish)
3) Pattern - Broke upwards from the symmetrical triangle ( Bullish)
4) MACD - Signal Kissing and awaiting for crossover for bullish attack
5) RSI - Now at 69% and breaking above 70% it will be bullish attack
6) ADX - Average Momentum with bullish

Conclusion
This Sector will continue to bullish as long it remain above the support
Support at 56.74
Resistance at 58.65



Ranking
1) Dialog - Top Leader King of O/G
2) KNM
3) MHB
4) SAPCRES
5) PETRA - Laggards
6) KENCANA - Laggard
7) ALAM  - Crash of course.. ( BEWARE!!)


Let look at at this counter KENCANA, PETRA and SAPCRES

No comments:

Post a Comment

NUFFNANG ADS