Saturday, June 26, 2010

Exit From RCOM ..Pocket your gains .

RCOM having  3 arrows pointing to North East   and 4 arrows pointing to South West ...
and Making  Double top too at 196 level within 10 days ..which is a prominent reversal pattern...
MACD histogram is going to merge with zero line >>>>>which is another bearish signal .
MACD  is converging  bearish ...>>>Bearish signal
 Rcom is moving up and histogram is falling >>>> very strong sell signal ...
trading at over bought zone  ... >>>>very strong exit signal ...
There fore it is advised to exit from it.. because it is giving u another opportunity to exit at this higher level ..
please remember ...once it will started  its journey to south- west just stay away from it  ... coz I  can not predict its destination .... chart is here ...I wrote my views ...decision is yours ...u want to pocket your  gains now....or will wait far its movement....


Long range chart showing  parabolic sar is negative and and it's real range since last six month is 170.67  ...





Recommended to exit your longs... and go short as and when u get opportunity ...


maximum indicators are trading at their thresh hold levels....
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