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Friday, June 10, 2011

Huat lai broke the resistance as predicted..



Please do not think i am a stock god but i am just following the rules of technical analysis and i am happy to share with all my friend and visitor with a small token from everybody ( Click my google ads just to sponsor a bit if interested)




Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - 4R1G ( Bullish)
4) RSI - Broke above 70%
5) Sto - Bullish crossover
6) ADX - strong momentum and bullish
7) Candle Stick -  WHite candle ( Bullish)

Conclusion
Another round of bull if market is good

Entry Price 1.87
Resistance at 1.98  & 2.07
Support at 1.72

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