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Monday, January 17, 2011

MHB

A request from CIMA




















Observation
1) Uptrend - Still above the uptrend line , Support line at 6.24 if break cut loss or take profit
2) HH - Formed Higher High at 6.48 and higher low at 6.31
3) MACD - Positve and uptrend
4) RSI - Overbought and positive showing super bull
5) ADX - Signal 65 showing high momentum to push up higher

Conclusion
Good counter to accumulate for long term as long it does not break the uptrend line







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