Wednesday 6 July 2011

High High Sapcres High


1. Trend Analysis : Uptrend (Bullish)
2. Higher high and higher low : (Bullish)
3. Candle stick: long white body with great vol -- above 40 days moving average (Bullish)
4. ADX : Uptrend with strong momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Cross 70% (Bullish)
7. Stochastic : Cross 80% (Bullish)

Conclusion: 7 Bull 0 Bear

Entry Price: 4.55
Profit Taking: 4.65, 4.75,4.87
Cut Loss: 4.30

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