31st Aug 2011–Pattern Study–MOBI bounce!

Ticker:

 

1. MOBI

 

Topic:

 

1. Long term Multiple Bottom

 

Lesson Learnt:

 

1. Multiple bottom formation with triangle formation at the end. Price already came out from triangle formation and going upwards.
2. Intraday bullish cross of 20MA and 50MA lines with price stick to 20MA line.
3. Wait for a pullback for intraday for safer entry.

 

Intraday Chart

Historical Chart