Some say it went up because of technical and some say it went up because of news. Who cares, as long we can gain profit from it that is number one for us small investor @ small fishes..
Observation
1) Trendline - Uptrend( Bullish)
2) Formed higher high - Bullish
3) MACD - 4R1G and kissing ( Bullish Reversal)
4) RSI - Broke above 70% to 91% ( Super Bullish)
5) Sto - Bullish crossover and above 80% (Bullish)
6) ADX - weak momentum and bullish
7) Candle Stick - Super Long White Candle (Volcano Eruption Bullish)
8) News - Good news from Bloomberg ( Refer to this)
0 Points
7 Points
Conclusion
Winner BULL
Broke the resistance but many more hurdles to pass..
Entry Price 1.9
Take Profit at 1.97 and 2.04
Support at 1.88
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
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