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Dayang another round of bullish before New Year

Written By Unknown on Sunday 23 December 2012 | 1:30:00 pm

On 20 December it has formed another higher low at 2.41 and hooking upwards again for another bull run.



Indicators
1 ) Trendline - Above the uptrend ine .. ( Bullish)
2)  Support/Resistance - Formed higher high and  formed higher low ( Bullish
3) MACD -Formed 4R1G ( Bullish) .
4) RSI - Rebounding from 50% and testing 70%  (Bullish) ,
5) STO -Starting of Bullish Crossover ( .Bullish)
6) Ichimoku -  a) Price above  the support cloud Bullish)
                       b) Conversion line  above the base line  Bullish)
                       c) Price close above the baseline  Bullish)




Conclusion:
Bullish
If break above 2.46 and 2.5 it will show another higher high and potential to reach the next resistance at 2.65


Resistance  2.46   2.5 / 2.65
Support -   2.36 2.28 / 2.25 / 2.22 / 2.2 / 2.16 / 2.12

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