Friday, March 2, 2007

Example of a Bullish Sign for Entry

This is a good example of a chart with strong bullish signal on Swissco recently. The followings are the signals from the indicators that combined together to form a real bullish sign:

1. MACD Positive Divergence.
2. MACD crossover zero center line.
3. Price line break out of the top resistance line of the triangle.
4. Volume increase together with the price.

A good entry point will be just after the breakout is confirmed.

No comments: