EMICO 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 0.205 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.
JOINT VENTURE AGREEMENT"JVA')BETWEEN PKB-OPERASI TEMBAGA SDN BHD ("Landowner" or "PKBOT"), A SUB-SUBSIDIARY OF EMICO WITH LANGKAWI CEMERLANG RESORT SDN BHD("Developer" or "LCR') DATED 2ND OCTOBER 2013
EMICO 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 0.215 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.
an important but bearish development took place on 17 October 2013 where the price of EMICO broke the support level of 0.21. This breakout was accompanied by a higher than average traded volume which shows the bearishness of the traders to push the price lower and past this support hence pointing to a higher probability of a bearish breakout.
EMICO 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 0.215 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 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.
An important development took place on 13 August 2014 where the price of EMICO broke the resistance of 0.24. 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.
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....
pfhong
372 posts
Posted by pfhong > 2013-10-07 22:18 | Report Abuse
why will goreng soon?any good news for this?