Saturday, February 19, 2011

Sunvic


On 18 Feb 2011 Sunvic unable to break 0.785 level for the third times.

EMA: 0.750 (uptrend)
Long upper candlestick (bearish)
Vol decrease since few days (bearish)
Bull Power decrease (weakness of trend)
Bear Power increase (confirm of bull weakness)
Stochastic: 81.63 (oversold and bearish divergence)
TMF: Negative (Distribution has started)
Support/Resistance: 0.750/0.785

Short @0.76
TP @0.70
Cut Loss @0.775
Close @0.725 (Profit 4.6%)

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