Wednesday, December 23, 2009

Chaoda Modern Agri Holdings 0682


Trend: Uptrend. Higher high and higher low.
Observations:
  • More black candles than white over the past 1 week. Should the week ending with another doiji would be concerned or short term correction.
  • The MACD bearish crossover just started.
  • Caution - MACD signal and stochastic showing bearish divergence. Therefore need to tighten cut loss should the correction happen!

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