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Sunday, July 3, 2011

SAPCRES attempting to break new high



Look at this counter having beautiful higher high and higher low and slowing testing every new resistance and break pass it nicely.












Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - 4G1R( Bullish) and awaiting for Bullish Crossover.
4) RSI -broke above 50%  ( Bullish) and going to test 70%
5) Sto - Bullish Crossover and rebound from 20% ( Bullish)
6) ADX - strong momentum and Bullish
7) Candle Stick -Small Gap upl  (bullish )
8) Volume Distribution - High Selling ( Bearish)





  1 Points



         7 Points







Conclusion


Winner BULL

Eventhough this counter went up but this counter have a last minute selldown in high volume which need to be cautious about.

Entry Price 4.38
Resistance at 4.53 and 4.63
Support at 4.2




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

http://edwinextremebullrun.blogspot.com/search/label/FORUM

4 comments:

  1. Discover blogs, pics and videos you otherwise wouldn't have at http://kendrabing.com. Or submit your blog postings to be part of the big collection.

    ReplyDelete
  2. OK, as suggested added yours, please add mine. Tq

    ReplyDelete
  3. AnonymousJuly 04, 2011

    ULICORP STRONG BUY SOME DEV OVER EUROPEAN CO ACQUSITION TIS WEEK

    ReplyDelete
  4. Thanks for the tips and will post the analysis on this counter..

    ReplyDelete

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