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.

Tuesday 9 August 2011

FBMKLCI

Blue lines are resistance and red lines are support.  Perhaps KLCI will gap up tomorrow since DJ is up 2.05% now.
Posted by XTrader at 09:13 0 comments
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Altera Corp

Trend: Downtrend (Bearish)
CandleStick: Inverted hammer indicate that the stock will go sideway or go up (bullish)
ADX: Downtrend with strong momentum (Bearish)
MACD: Downtrend (Bearish)
RSI: Below 30% (Bearish)
STO: Below 20% (Bearish)
Conclusion: 1 Bull 5 Bears

What price to sell?
Blue lines are resistance level and red lines are support level.  $36 is strong resistance for ALTR Corp, if break above $36, the next resistance level is $38.29.  Whereas, its support at $34.33.  You may either wait to sell at $36 or higher, but if the stock direction not in your favor, you may consider to sell at $34.33.
Posted by XTrader at 08:26 0 comments
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