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.

Monday 11 July 2011

MAS down trend again

MAS today close below previous higher low (1.50) ==Bearish
ADX: Bullish momentum slow down and kiss with bearish ==Bearish
MACD: Bearish almost kissing with bullish (waiting for 4R1G) ==undetermine
RSI: Above 50% ==Bullish
Sto: Bearish cross over bullish with signal line broke below 50% ==Bearish
Conclusion: 1 Bull 3 Bear.  Bear win.
Posted by XTrader at 06:29 0 comments
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Kinstel retrace

Kinstel high selling pressure today.  It break support 0.755,next level support at 0.715.  Please hold as it still above our cut loss at 0.70 and it has chance to re-bounce.
Posted by XTrader at 06:18 0 comments
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Airasia high selling pressure

We maintain entry price @ RM3.52
Posted by XTrader at 06:02 0 comments
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