Trend Runner Trading Adventure

Technical analysis is the forecasting of market prices by means of analysis of data generated by the process of trading. Technical analysis relies on the assumption that markets discount everything except information generated by market action, ergo, all you need is data generated by market action. Let's join and discuss the technical analysis in depth on particular stock with the traders all over the world.

Tuesday 5 July 2011

EFFICEN (0064)

5 July 2011
Entry price: 0.24
TP:0.25, 0.26
CL:0.21
RR:0.25
Resistance:0.255, 0.265
Support: 0.215
ADX: Strong momentum with bullish sign
MACD: Bullish kiss bearish, waiting to cross over
RSI: Above 50% bullish
Sto: Above 50% bullish
Conclusion: 4 bulls
Posted by XTrader at 08:46
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2 comments:

  1. XTrader6 July 2011 at 06:57

    Reach our entry price. ADX, MACD, RSI, STO bullish signal. Hold the stock :)

    ReplyDelete
  2. XTrader7 July 2011 at 08:35

    Hope everyone manage to lock the Efficen. Double hammer form, bullish signal.Let's bull togather.

    ReplyDelete

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