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

MITRA (9571)

5 July 2011
Entry price: 0.68
TP: 0.7, 0.725,0.745
CL: 0.64
Resistance: 0.705,0.73,0.75
Support: 0.645
RR: 0.5
ADX: Strong momentum but bearish
MACD:Bearish but 4R1G could be reversal signal
RSI: Below 30% but setting up to be shooting like rocket
Sto: Break above 20% bullish
Conclusion: 2 bulls 2 bears
Posted by XTrader at 09:42
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