Wednesday, July 13, 2011
Coastal Possible Breakout or down from symmetrical triangle
Let see whether coastal can break up or down from this from symmetrical triangle. Let hear what is the Glass says...
Hmmm. UP UP UP..
1) Trendline - Uptrend( Bullish)
2) Formed higher low- ( Bullish)
3) MACD -Bullish crossover and above 0 ( Bullish )
4) RSI -went up and testing 70% (Bullish)
5) Sto - bullish crossover and rebound from 50%(Bullish)
6) ADX - weak momentum and bullish
7) Volume Distribution - Buying Pressure good ( Bullish)
Etry Price 3.69
Resistance 3.81and 4.78 ( Breakout target)
In addition tomorrow Ex Date