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What indicators that you mainly use in Technical Analysis (TA)?
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Ichimoku Kinko Hyo
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Wednesday, 28 March 2012

PRLEXUS - Wonderful Uptrend

Lets see on 1 good company.

This company has been bullish for 2months now and i expecting it to go higher.
Started from early Feb until now, share has moved up roughly 20cent.





The reason i expecting it to go higher is based on some indicators.

  1. the price up trend is quite stable.
  2. MFI going into 80%, more people will invest more..
  3. RSI going into 70%, high interest buyer.
  4. Stoch & Wm%R not yet reaching oversold, means still have more room for share to move.
But must careful, now can see price step has create 3 waves, another 2 would be down trend.
Hope Elliot's wave not catching up.

As for company's basic information.
Good company growth.

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