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.

Showing posts with label TRC (5054). Show all posts
Showing posts with label TRC (5054). Show all posts

Sunday, 17 July 2011

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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Wednesday, 13 July 2011

TRC downtrend or sideway?

Technically, TRC is not a good buy now.  All indicators are showing bearish signal.  Its support at 0.68, if break below, it will further dive down.  Be careful.
Posted by XTrader at 09:54 0 comments
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Sunday, 10 July 2011

TRC break above bull flag

Entry price: 1.86
TP: 1.97, 2.07
CL:1.73
RR:0.85, 1.62
Resistance: 1.99, 2.09
Support: 1.75
Trend: Uptrend (The counter still fluctuate within 1.7-1.84 channel)
Candlestick: Bull Flag form last week and Doji form on 8 July (undetermine). Next trading day needed to confirm the bull.  If hit our entry price, it will continue bull, else sideway.
ADX: Bullish with good momentum
MACD: Bullish crossover bearish
RSI: 50% (Bullish)
STO:Bullish crossover bearish (bullish)
Volume distribution: Sell pressure higher than buy force (bearish)
Conclusion:  5 bulls 1 bear .  Bull win.

Posted by XTrader at 20:08 0 comments
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