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Monday, May 30, 2011

Sunway Testing Resistance Tested Possible 15% gain







Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - waiting for 4R1G and bullish
4) RSI - Broke above 70% ( Bullish)
5) Sto -  bullish crossover ( Bullish)
6) ADX - strong momentum and bullish
7) Candle Stick - Formed white candle ( Bullish)

Conclusion
Could be a potential profit counter

Entry Price 2.55
Resistance at 2.97
Support at 2.42

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