Tuesday, April 15, 2008

Tradewinds Plantation Update

The MACD crossed its Signal line on 7 Apr 08. It has gone up from RM3.32 on 7 Apr 08 to RM3.54 on 14 Apr 08. A 6% move in a week.

Looking at the ADX indicator, it is below 30 which means that we are not seeing a strong up trend yet.

The RSI is at 56 level which is not in overbought region.

The Fibonacci 38% retracement level is at RM3.62, so this stock may face resistance at RM3.62

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