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Wednesday, June 1, 2011

TCHONG DIVIDEN play and may have upswing of 28%

 Based on the historical data when they announce the dividen it will rise up by 28%. Will this happen again this year?

1) Trendline - Downtrend channel bearish
2) Formed lower low- Bearish
3) MACD - Bullish Crossover Bullish
4) RSI - Broke above 30% Bullish
5) Sto - Bullish crossover and broke above 20% ( Bullish)
6) ADX - good momentum and bearish
7) Candle Stick -  Gap up ( Bullish)

Now broke the mid band of the downtrend channel. Once break the upper band at 4.5 then we will see firework again haha

Entry Price 4.36
Resistance at 4.5 & 4.68 and 5.47 and 5.95

Support at 4.2

Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks) 

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