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Thursday, August 9, 2007

ArmStrong


I had a request of using Armstrong TA.

Currently the TA for this counter looks like it is recovering, but we need to have stronger signal as the macd hasn't show any uptrend. it is still in the bearish for macd. I did notice the bullish harami, but due to not much vol. this harami will not be strong furthermore it is not a doji. normal case a doji will be a strong uptrend or downtrend. it is well supported at it's 100MA. If STI still havent finish the correction, we may see it break through the 100MA support. then we will need to use fibo to look for further support before the 200MA.

Chat Room


Any request of counters you can post in the chatbox, I will do an analyse for u when I see the msg