The Keystone for November 10, 2010
The index registered a higher high and a higher low thus maintaining itself above its critical resistance level as well as its resistance trendline. This confirms the breakout and suggests further upside.
The Stochastic Oscillator and RSI maintain their respective uptrends as well as their buy signals, while the MACD has started to conform to an uptrend and in the process has generated a buy signal.
In light of the above factors, we suggest staying long in the market.
No comments:
Post a Comment