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.

Sunday 10 July 2011

Will Airasia continue to bull?

Entry price: 3.52
Profit taking: 3.65,3.84
Cut loss: 3.35
Resistance: 3.67, 3.86
Support: 3.37
Trend: Uptrend (Bullish)
Form higher high (Bullish)
ADX: Nearly cross above 40 from below, good momentum (Bullish)
MACD: kissing and waiting for 4R1G, this will be critical turnover point (Undetermine)
RSI: Retrace toward 70%.  Bull if rebounce, berish if break below
Sto: Bearish crossover and broke below 80% (Bearish)
Candle Stick - Hammer on support 3.37(Undetermined ) Waiting for next day signal. If White candle and goes up it will be bullish
Conclusion: 3 Bulls 2 Bear.  Bull win
Posted by XTrader at 08:19
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