Google Ad Choice

Tuesday, March 22, 2011

MHB look promising for Ascending Triangle



Observation
1) Trend line - Uptrend Bullish
2) Forming higher low - Bullish
3) MACD uptrend with 4r1G Bulish
4) Sto - Bullish crossover
5) RSI - ascending toward 70% bullish
6) ADX -Bullish with low momentum
7) Chart Pattern - Ascending triangle

Conclusion
If break above 6.8 with 1.5 Mil volume it will shoot up pretty higher

Entry Price at 6.75
Target Profit at 7.02 and 7.25

Stop loss at 6.5

No comments:

Post a Comment

NUFFNANG ADS