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Monday 4 January 2010

2010 is brighter

As today the securities started to run again.....

Everything went well, mostly made a gain, well this might be the January Effect doug.

Well, Let's see some analysis, like PTBA.

PTBA
Technically, it's just passed its downtrend channel line. This is a good point of it as it created a white candle which closed high at the end of the day, which show the power of bullish has just come to it.



Well, the chart showed a great uptrend. We can see that the MACD histogram is showing green together with the increment of the price. The volume is increasing together with the price from 2.23M to 2.26M. The MACD line is going to cross soon, maybe tomorrow as the rally happens.

The RSI & Stochastic is still moving upward which show the stock is still going up in short-term.

Rating: Buy On Strength, TP: 1800-18100