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.

Thursday, 7 July 2011

WCT (9679)

Entry price:3.17
TP:3.29, 3.4
CL: 3.06
Resistance:3.19, 3.31, 3.42
Support:3.08
RR: 1.1
Trend: Ascending triangle almost breakout but rest at 3.15
CandleStick:  Doji and white inverted hammer (Bullish)
ADX: Bullish momentum start to pick up
MACD: Bullish crossover bearish
RSI: Above 50% (Bullish)
STO: Above 50% (Bullish)
Conclusion: Bull wins. (5 bulls)
 -Big sharks sell large volume during trading end for profit taking
Posted by XTrader at 08:15
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