Rabu, 16 April 2008

ELTY: Bullish Divergence Spotted

Look at the MACD and the price candlestick.  The last bottom of MACD is higher than the previous one, while the last price dip is deeper than the previous one.  It’s bullish divergence!  The meaning is simple:  someone is to scared and sell too many of this stock.  It’s time to buy.

Target price somewhere around Rp.600 in 1 week until 1 month.

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