Interesting News on the SAR virus.. This could be a booster for Glove Sectors
Health Officials Investigate New SARS-like Virus Detected in Second Person
A new virus.. similar to the deadly SARS virus.. has been identified in a patient who is critically ill in a London hospital.
Read more...
Let check on the Glove Index Sector for 26 September 2012
Indicators
1) Trendline - Broken above uptrend line at 21.28 (
Bullish ) .
2) Support/Resistance - Formed Lower low and lower high (Bearish)
3) MACD - Bullish Signal Meeting with the Bearish Signal. If bullish crossover will indicate bullish strength.
4) RSI - Broke above 30% and heading towards 50% (Bullish )
5) STO - Bullish Crossover and broke above 20%
(Bullish )
6) Ichimoku - a) Price in the support cloud and rebound after hitting the bottom of the support cloud.. (
Bullish ).
b) Conversion line below the base line (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Formed 2 white candle after a support hammer (Bullish) . Click here to know what is hammer at support
Conclusion:
Bullish
Resistance- 22 / 22.2 / 22.4 / 22.56 / 22.73 / 23.04 / 23.62
Support - 21.67 / 21.54 / 21.16
Stock Performers in Glove Sectors..
Leading
Adventa - Sideline
Latexx - Retracing
Harta
- Inclining ( Monitor)
Lagging
Wellcall
- Inclining ( Monitor)
TopGlove
- Inclining ( Monitor)
SuperMax
- Inclining ( Monitor)
Kossan
- Inclining ( Monitor)
Rubberex - Sideline