Yongnam has been continuously moving up since last quarter of 2006. From the chart, we are able to see multiple combined strong bullish signals:
1.MACD crossover above zero centerline
2.Breakout of the triangle
3.Volume increase
Typically, when this three signals combined, it present a very strong bullish signal and the chance of for the price to move up in the following few days is very high - with evidence shown in this chart.
In fact, TA players and contrarian likes this combined signal for entry.
To me, in order to increase my chance of making and maximising profitable investment, the compbination of FA and TA is very important. FA helps me to select a good stock and TA will helps to determine the entry/exit point.
And currently, Yongnam fits into this category.
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