Saturday, January 9, 2010
Take a look on this chart. The technicals have turned extremly bullish. The resons are,
1) Broken out of consolidation price range.
2) MACD crossing ZERO LINE
3) Volumes have started to build up.
One can buy this stock with SL-1052 & Target - 1252.
Enjoy making smart money,
Check the chart of silver. After a correction it is striking back with vegence. I am bullish for it in the short term & think it can easily cross 30500 now.
Reasons on chart :
1) Bull engulf on WEEKLY CHART
2) MACD Crossover above 0 line
3) Rising RSI
4) Resistance of 27600 broken on DAILY CHART.
Buy it in MCX to leverage your positions and enjoy good profits. Target 30600 in about 3-6 months.