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, 17 July 2011

NASDAQ- Altera Corp rebounce from support?

Altera Corp is a semiconductor company.  Would semiconductor industry outperform in the second half of year 2011?  Last friday, candlestick form hammer, it could be sign of reversal.  ADX showing weak momentum of bullish.  MACD bearish as it cross below zero from above. RSI touching 50%, weak bull.  STO indicate bearish.
Support : $41.5, $39.73
Resistance: $44.42, $45.75, $48.42
Posted by XTrader at 08:41 0 comments
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TRC sideway again?

Inverted hammer formed last friday most likely will lead the TRC to continue sideway next week, price fluctuating around 0.68-0.755.
Entry price: 0.76
Take profit: 0.815, 0.855
Cut loss: 0.71
Posted by XTrader at 08:17 0 comments
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