hahaha..just look at how much they gained after share disposed? why dont u look at their debts? zelan disposed their share in ijm because of debts la my friend.
An important development took place on 17 October 2013 where the price of ZELAN broke the resistance of 0.26. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
ZELAN is trading at its resistance of 0.265. It is important to monitor the price volume action near this 0.265 level to determine whether a breakout will take place.
ZELAN has tested the resistance of 0.265 but failed to clear it. It is important to monitor the price volume action near this 0.265 level to determine whether a breakout will take place.
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.265 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.275 reinforcing the bullishness in the recent price movement. Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the traders to push the price past this technical resistance level. However, there was a decrease in the traded volume in this breakout. Hence it is important to monitor the immediate price volume action to ascertain the validity of this breakout.
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. This has brought the price to the resistance of 0.28 where we expect a good fight between the bulls and the bears. For the upside to continue, the resistance needs to be broken conclusively, preferably with high volume. The RSI indicator is giving a reading in the overbought region. While this is expected given the recent upward movement, it also gives a warning that the current movement may be over-extended.
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. However the upward movement has encountered resistance at the level of 0.28. Traders should pay special attention to the price and volume behavior in order to determine whether this resistance level can be broken decisively for ZELAN to resume its upward movement. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.28 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, there is a technical level at 0.28 which may support any short-term retracement. RSI is also showing an overbought condition which may indicate some retracement may take place especially if the support level of 0.28 is broken.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
richman
10,110 posts
Posted by richman > 2013-10-11 10:39 | Report Abuse
accumulation stage now