Jeffthen, take a look at the 60 minutes chart and you may like it.
It broke the resistant level of 1.46 three trading days ago and now maintained above that level - forming a new wave with new high. 1.46 becomes its new support level.
Yesterday's small black candle may be a little uncomfortable but today may change the effect with the current price moved to 1.49 already.
the premium quantum that wb enjoys shd narrow over time as serious investors realise that its more beneficial to hold the mother, in view of what is coming…...
Expect the bullishness in the stock to be well supported:- 1.There was a long white candle during the trading day on 30 March 2017.Indicating gap for price movement upside. 2.The MA chart is trending nicely upwards moving and setting for the next high. 3.Also supported by the price momentum chart MACD. 4.RSI chart indicates high bullishness for the stock even though presently slightly oversold.
Barring any adverse news(,and today global markets were good) the stock will rise and hit new high.
The price trend and momentum point to some corporate development news for the company.
Cheers and let us see how the stock perform tomorrow.Smile:-)))
from chart wise, Malton is really bullish + strong uptrend. The only caution is when it fall because nobody knows who will throw (I doubt will throw as no bad news shown so far)
When people says profit, landbanks, Net assets, GDV, all I can understand. Now says, MACD, RSI, candle in the wind, crystal ball, these I can't understand why price should go up or down. Sigh....
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....
Mittens
234 posts
Posted by Mittens > 2017-04-13 13:15 | Report Abuse
Touching green again!