MY TRADING LINES
SIGNATURE
Today is the 4th day in a row the 1.00 level is tested.
Can this line be resistance turned support in the coming trading days?
Overhead resistance seen at 1.06 then 1.13
the selldown runaway gap between 1.23 and 1.11 has yet to be covered.
Volume slowly increasing shows buying interests
RSI just came off the overbought territory
Looks set for a small run up cover that gap?
support seen @ 0.97 level
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REVIEW : Buying support still @ 0.92-93 level. RSI Neutral. volume decreasing indicating lack of interests. Range bound between 0.92-96
2017-04-18 08:39
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lextcs
after 9 days of unsuccessful attempts of a breakthrough beyond the 1.00 level buying interests starts to wane....a clear sign of weakness. The support @ 0.97 looks unlikely to hold. looking at 0.92-0.93 as good consideration to buy again.
2017-04-13 08:48