Google Ad Choice

Showing posts with label ymmetrical triangle. Show all posts
Showing posts with label ymmetrical triangle. Show all posts

Sunday, February 20, 2011

OIL and GAS sector broke the Symmetrical Triangle

Oil and Gas Sector is on the bullish run




Obersevation
1) Trendline - Short Term Uptrend (Bullish)
2) HH - Broke the previous higher high (Bullish)
3) Pattern - Broke upwards from the symmetrical triangle ( Bullish)
4) MACD - Signal Kissing and awaiting for crossover for bullish attack
5) RSI - Now at 69% and breaking above 70% it will be bullish attack
6) ADX - Average Momentum with bullish

Conclusion
This Sector will continue to bullish as long it remain above the support
Support at 56.74
Resistance at 58.65



Ranking
1) Dialog - Top Leader King of O/G
2) KNM
3) MHB
4) SAPCRES
5) PETRA - Laggards
6) KENCANA - Laggard
7) ALAM  - Crash of course.. ( BEWARE!!)


Let look at at this counter KENCANA, PETRA and SAPCRES

NUFFNANG ADS