Sunday, April 09, 2006
Landwind - Bearish Engulfing Pattern
Double bottom formation target price was exceeded and excellent performance recorded. Bearish Engulfing Pattern was formed on Friday. Be nimble and take profit if price retrace further downwards. Both RSI and Stochastics are in oversold region. Immediate support is 51.5 cents as indicated by the green dotted line. Next support is the tail of the potential hanging man pattern formed on Thursday 6th April 2006. Mid White Marubozu candlestick support is the blue dotted line at 49 cents. Immediate resistance is the record high at 54 cents.
# posted by Cherie : 11:31 AM
