This counter Scomi has been in the Top 10 Counter more than a week due to IJM buying 20% of their stock . This proof that Scomi Business Profit or Business Concept have been inside the IJM investment radar.
Lets check the Stock Analysis Chart for SCOMI on 8 October 2012.
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed higher high and higher low (Bullish)
3) MACD - Formed 4R1G(Bullish)
4) RSI - Incline and testing 70% (Slightly Bullish). If break above 70% it will be bullish
5) STO - Formed Bullish crossover in the overbought zone (Slightly Bullish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Formed a Bullish Engulfing ( Bullish)
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