Shares & Derivatives
Stock Chart: StraitsAsia, Yangzijiang!
By Dou  •  April 28, 2011

On Thursday, Straits Asia broke the resistance at $2.89 and closed at $2.92 with HIGH volume of 21.05 million shares traded.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 candles–this makes the current rising window even more bullish.

Both RSI & MACD are bullish though RSI near to overbought region.

Important Resistance of Straits Asia: $2.95

Immediate Support of Straits Asia: $2.89

Currently prices are well above 20/50/100/200 days MA.

Today Straits Asia gap up with high buying pressure due to good news for the company.

The volume is very heavy to affirm on the bullishness of the investors.

However we do not like the black candle stick with long upper shadow similar to shooting ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance