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Thursday, May 19, 2011

WCT - Flying up up and away

Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - Bullish Crossover ( Bullish
4) RSI - ascending towards 70% ( Bullish)
5) Sto -  80% ( Bullish)
6) ADX - weak momentum and bullish
7) Candle Stick -  white candle bullish above 20d Ma


Conclusion
Could be a potential profit counter


Entry Price 3.16
Resistance at 3.3 & 3.41
Support at 2.95

2 comments:

  1. AnonymousMay 19, 2011

    Be careful...The volume is decreasing

    ReplyDelete
  2. good info....informative blog..thanks for sharing...

    ReplyDelete

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