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Wednesday, June 15, 2011

TCHONG form higher low and going for another round uptrend

Tan Chong, buy call last week after Dividend which may similar to last year trend

1) Trendline - Uptrend (Bullish)
2) Formed higher low-(Bullish)
3) MACD - Bullish Crossover and waiting for 4R1G for another round of Bullish
4) RSI - however above 70% ( Could be overbought but if rebound above certainly another bullish round)
5) Sto - Bearish crossover and broke below 80% ( Bearish)
6) ADX - good momentum and Bullish

Entry Price 4.5
Resistance at 4.68 and 5.47 and 5.95

Support at 4.38
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks) 

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