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.

Saturday 9 July 2011

Technically it is very nice now

Entry Price: 2.25
TP: 2.31, 2.37,2.43
CL: 2.13
RR:0.5,1,1.5
Resistance: 2.33, 2.39,2.45
Support: 2.18, 2.15
ADX: waiting to cross above 20 from below.  If this happen, new trend forming is confirmed.
MACD: 4R1G (Bullish)
RSI: 50% Bullish
Sto: Bullish cross over bearish
Volume distribution: Selling pressure high at the end of trading session by big shark.  Bull win at trending end.
Conclusion: 5 Bulls 1 undetermine
This is good counter to pick.  Please join forum to view YTLPOWR fundamental analysis and news related to YTLPOWR.
Posted by XTrader at 23:08
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