Wednesday, January 18, 2012

18th Jan 2012 – Pattern Study – The A stock is back!

Ticker:

 

  1. A

 

Topic:

 

  1. Challenging a big resistance. Well, it is an A stock!

 

Lesson Learnt:

 

  1. Long term chart shows that it is testing its resistance line again.
  1. Value is above all MA lines now.
  1. Intraday chart also shows very strong and bullish pattern.
  2. Secondary indicators are encouraging.
  3. Once this resistance is taking out, expecting more buyers rushing in the door.

 

Intraday Chart

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Historical Chart

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