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#321 10gbusc

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Posted 19 September 2014 - 01:59 PM

How do i add a picture screenshot of the chart?


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#322 zoner

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Posted 19 September 2014 - 01:57 PM

About time...


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Paranoid Android

#323 10gbusc

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Posted 19 September 2014 - 01:47 PM

Trade View:

Long Ellies (ELI) @ R2.00

Technical View:

The share seems to have found a double bottom at the R1.75 level, and has since been moving higher on increasing volume.
Our Impulse system indicates we have a buy signal of short term momentum to follow.
The MACD has given us a higher low whilst the price has made the same low (Bullish Divergence).

The first target would be 50 EMA and previous resistance level at R2.35, with second target at R3.00

A trade below R2.05 with targets mentioned above, should be set with a stop loss at R1.90
This represents a reward/risk ratio of 3:1 to target 1, and 10:1 to target 2.


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