Tuesday, May 8, 2012
Broke out downtrend line. Broke up resistance. Seems like forming mini uptrend.
MACD blue line leaving apart from red line
Stochastic re-cross up the red line as well.
Broke up Bollinger band upper band and rebounded from 20MA.
Mostly looks good for tomorrow :) Good luck.
*Addition info : It broke out from a flag which is another very good sign.
Posted by Victor at 10:36 AM
Saturday, September 3, 2011
From the chart, it shown that the price has rebounded off from 100D. The stochastic started to move up (confirmation can be done when blue line is moving up and away from red). Volume has increased also. Stop loss can be done at 3.31. The next resistance is the 20MA
Posted by Victor at 1:54 AM
Friday, May 6, 2011
As we can see, it rebound off from the 200MA, which is known as a strong support moving average for 3 times. And it shot up at least 10-20%. So how about this time? :)
Sunday, April 10, 2011
Sunday, March 13, 2011
The only thing we need to wait now is for the end of wave 4 (correction wave) - 4-c. Once it is ended, which means it needs to be slightly break below the end of 4-(a), the wave 5 will be started. Based on the history, before the wave 3 started, it gone through the similar process. On the other hand, from the MACD, we can see that the blue line is crossing up to form a bullish crossover.
Posted by Victor at 12:50 AM
Tuesday, March 1, 2011
For triangle formation, normally there are 5 waves - a,b,c,d,e then breakout above or below the triangle. Every wave, they will be splitted into 3 waves. (a),(b),(c). Now its entering wave d. This reason comes with stochastic indicator crossing up from the oversold region. Of course, there is another bullish reversal signal appeared - doji. Wait for confirmation.
Posted by Victor at 5:59 AM