Thursday, December 3, 2009
ESSDEE - Aluminium might SHINE after Gold & silver.
Take a look at the ESSDEE chart.
1) After a long period the MACD has been rising with cross in GREEN from under zero line. A strong indicator for uptrend.
2) Volumes have rised on buying side despite of rangebound market in the last few sessions.
I believe this stock can rise v.fast if bought with a slight market risk as this juncture.
Price - 364, SL-341, Target -440, RR-1:3.