Olam just had a breakout at $2.38.
Sunday, June 28, 2009
Osim Broke Out Target 36cts
Osim broke out of an ascending triangle with a minimum target of 36-40 cts. MacD line also made a bullish cut with an increased volume.
Golden Cross for S&P500
Golden Cross for S&P500 seen 2 days ago. Now expecting MacD line to cut up to resume the uptrend.
Oceanus-Above 20D MA
Price has nicely broken on the upside and closed above the 50 day MA. Waiting for the MacD line to cut up.
Thursday, June 25, 2009
Oceanus-Resistance at 30cts
MacD shows consolidation and price shows support well above 25cts. Needs a huge vol. to convince a breakout of this congestion.
Hang Seng Taking A Rest
Hang Seng is showing signs of exhaustion but still above its 2nd high (3) and 50d MA.
Dow Looks BAD
Dow looks very bad with the trendline broken and the prices below 50d MA. MacD line also going negative soon! Support at 8267.
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