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Friday, July 8, 2011

Malton edging up.



Malton trying to test to break above the downtrend and will this counter succeed to break?










Observation
1) Trendline - Downtrend (Bearish)
2) Formed lower low -  (Bearish)
3) MACD - 4R1G ( Bullish Reversal)
4) RSI -Rebound from  50% (Bullish) -
5) Sto - Going to form Bullish crossover and heading towards 50% ( Bullish)
6) ADX - low momentum and bullish ( Bullish)
7) Candle Stick - White candle after idoji - ( Bullish) .



2 Points







     5 Points





Conclusion


Winner BULL!!

Testing the Downtrend line..
Entry Price 0.595
  Resistance at 0.64 , 0.665 
Support at 0.58 ( Stop loss at 0.56)
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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