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Wednesday 25 November 2009

PTBA is upwarding....

As we can see that PTBA has rallied for 4 days and remember that it's still in a confirmed bullish condition where as there was a Bullish Engulfing pattern 5 trading-days ago.

There's still no reversal pattern shown further in the chart. It's a strong bullish power & buying is quite good at this time. In the other hand beware of its testing its bullish resistant at 14450, as today closed at that point, if tomorrow it goes up further & closes higher & it can be said as "BULLISH CONFIRMED".

Long time ago I've analyzed this stock & recommend to buy at the correction time, if you got what I meant at that time, then, CONGRATULATION!!!



This was the link as I explained to you of buying PTBA after a correction.



This is the chart....