China Sun
Requested by Fastrack San
TA from a candlestick point of view, it is a no brainer lah. A Big engulfing candle covering till 30th Oct's downward move. When it closes 73 cents, the window will be covered.
Other indicators are pointing up but with the volume spike (8.3 x more than Friday and 4.9 x more than 50 day average) This is a firm move up. The close is above the 50 and 200 day EMA and above the 38.2% retracement. The challenge would be with the 50% retracement at 74 cents, if that were broken with ease and volume. Likely to test 78 cents this week. The close above the support trendline could mean a resumation of trend.
For those vested at the recent low, huat arh!!! Me, not vested :) SM
TA from a candlestick point of view, it is a no brainer lah. A Big engulfing candle covering till 30th Oct's downward move. When it closes 73 cents, the window will be covered.
Other indicators are pointing up but with the volume spike (8.3 x more than Friday and 4.9 x more than 50 day average) This is a firm move up. The close is above the 50 and 200 day EMA and above the 38.2% retracement. The challenge would be with the 50% retracement at 74 cents, if that were broken with ease and volume. Likely to test 78 cents this week. The close above the support trendline could mean a resumation of trend.
For those vested at the recent low, huat arh!!! Me, not vested :) SM
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posted by Unknown @ 11/06/2006 07:19:00 PM
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