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 13 May 2012

PREMIER (9458)


Last Friday Premier big buying volume coming in, someone push the price from 0.345 to 0.395 at eod.  Will the rally cont on Monday?  Here is my analysis on her:
Trend: Side way (Neutral)
MACD: Buliish crossover bearish (Bull)
RSI: Above 50% (Bull)
Sto: Cross 50% from below (Bull)
Volume Distribution: Huge buying volume (Bull)

Conclusion: 4 bulls 1 neutral

 Entry:0.405
TP: 0.445
CL:0.385

Posted by XTrader at 08:54

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