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

Will Bersih 2.0 affect 11 July Gadang Bull rally?

Wow...Gadang bull counter.  It rebounce from 20dMA.  We miss entry price at 0.68 :( Next entry price will be 0.72.  Remember to take profit if the counter reach new high with volume ~1.97M
Entry Price: 0.72
TP: 0.735, 0.76, 0.8
CL:0.67
RR: 0.3, 0.8, 1.6
Resistance: 0.74, 0.765, 0.805
Support:0.675
Candlestick: double doji and white candle with short lower shadow (Bullish)
ADX: Below 20 indicate side way
MACD: 4R1G (Bullish)
RSI:Above 50% (Bullish)
STO: Touch 80% bullish
Posted by XTrader at 00:34
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