Please see the chart for easy translation of the market language
If TA is of any use then technically it may be due to fib extn of 1.0 had been reach,, and at the same time stochastic have hook down.. until all indicator have change positif and together when fundamental news eg eps and profit and all other fundamental data had change and convinced people positif perception then thing will change.. meaning if both in harmony TA and FA then we can see the price range naik dramatically... not like today ..naik miniscule only
If we look at chart in this cylic momentum movement from the low jan 2010 to high of may 2010 ... clearly it has pass .618 fib and 1.0 fib without any problem..
Now the Ci had passed the 1.0 fib and now it is facing some hesitation to proceed to the 1.5 fib extension ie 1490 level.. dan 1.618 level at 1500 level
Please see the chart for easy translation of the market language
Can it pass the 1.5fib extn and 1.618 fib line ... from the look of it.. the tren line is up and macd is up .. so until stoch ( now its -ve) turn +ve it will having some problem .. after that then there will in sync with macd only then the new power will set in...
So now they are ding doing the level... always be on the alert of any indicator chnage.. then please take action accordingly
