MoSteph
27-06-2005, 04:59 PM
Some wisdom please. After my exciting 3 day run with IHG a while ago, it's time I try a titillating TA only based buy again. The chart is below and my reasons for buying are:
1) RSA progressively strengthening on downtrend - reversal signal
2) OBV also firm - downward trend but upward obv.
3) Trend line break - new support line?
4) MACD slow but progressive turn
5) 3c resistance - safer stoploss placement
6) Money flow trendline just broken
http://img.villagephotos.com/p/2005-2/949170/untitled.JPG
What do you guys think???
1) RSA progressively strengthening on downtrend - reversal signal
2) OBV also firm - downward trend but upward obv.
3) Trend line break - new support line?
4) MACD slow but progressive turn
5) 3c resistance - safer stoploss placement
6) Money flow trendline just broken
http://img.villagephotos.com/p/2005-2/949170/untitled.JPG
What do you guys think???