Tuesday, January 03, 2006

China Wheel (E94) Gem Spotted




China Wheel (E94) depicted a so beautiful chart today. To me is a breakout off the Trend Line! The MACD was perfect for entry with + ve crossed in below Equilibrium. Meaning a good upside room can be expected. In tandem, the D+ve just Crossed above D-ve. I like to use CCI to confirm the Overbought State. It is now showing a cut above the -100 and towards the 100 zone – an ideal call for a Buy!  A target price of 0.375 (near 61.8 retracement) should be aimed for. But it has to clear the 1st level of resistance at .330.

0 Comments:

Post a Comment

<< Home




MY Email : Smartyinvestor@Gmail.com

YahooWeather Bull Fish Business Times TeleText Future Market Investor College Bloomberg NewsStreet Directory Yahoo Financial Google News CNA Financial CPF National Library Board Reuters e-finex HK Market News CommerceAsia ADVFNListed Company