Done an intraday TA for ETLA. Looks like a downtrend of this counter. But MACD and stochastic shows a buy signal. We will need to see how DOW perform as STI is following other indices. If the counter isn't affected by market sentimental. It maybe a uptrend. and have to wait a while more to confirm the formation. looks like it is forming a cup and handle formation base on an interval of 5 mins. Basically I predict that DOW will have a technical rebounce. Let's see how it goes.
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Monday, August 13, 2007
ETLA intraday TA on 13/08/07
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6:11 PM
Labels: TA of counters
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