Glove Sector to be Monitor due to potential SAR 2nd version

Interesting News on the SAR virus.. This could be a booster for Glove Sectors

Health Officials Investigate New SARS-like Virus Detected in Second Person

A new virus.. similar to the deadly SARS virus.. has been identified in a patient who is critically ill in a London hospital.

Read more...



Let check on the Glove Index Sector for  26 September 2012

Indicators
1) Trendline - Broken above  uptrend line at 21.28 ( Bullish  ) .
2)  Support/Resistance - Formed Lower low and lower high (Bearish) 
3) MACD - Bullish Signal Meeting with the Bearish Signal. If bullish crossover will indicate bullish strength.
4) RSI - Broke above  30% and heading towards 50% (Bullish  ) 
5) STO - Bullish Crossover and broke above 20%  (Bullish  ) 
6) Ichimoku -  a) Price in the support cloud and rebound after hitting the bottom of the support cloud.. ( Bullish ). 
                       b) Conversion line  below the base line (Bearish). 
                       c) Price close below the baseline ( Bearish) . 
7) Candlestick pattern - Formed 2 white candle after a support hammer (Bullish) . Click here to know what is hammer at support

Conclusion:
Bullish 

Resistance-  22 / 22.2 / 22.4 / 22.56 / 22.73 / 23.04 / 23.62
Support -  21.67 / 21.54 / 21.16



Stock Performers in Glove Sectors..

Leading
Adventa       - Sideline
Latexx          - Retracing
Harta            - Inclining   ( Monitor)

Lagging
Wellcall        - Inclining   ( Monitor)
TopGlove     - Inclining   ( Monitor)
SuperMax     - Inclining   ( Monitor)
Kossan         - Inclining   ( Monitor)
Rubberex     - Sideline