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GESHIP

 
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Author GESHIP
ktpillai
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Joined: 23 Nov 2007
Posts: 95
Post: #1   PostPosted: Sun Aug 19, 2012 5:26 pm    Post subject: GESHIP Reply with quote
Attaching herewith the daily chart of GESHIPPING.Request members to give their valuable opinions

GE SHIP DAILY CHART.png
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GE SHIP DAILY CHART.png
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rk_a2003
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Joined: 21 Jan 2010
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Post: #2   PostPosted: Sun Aug 19, 2012 6:33 pm    Post subject: Reply with quote
It is an Ascending Triangle (AT) .Usually a trend continuation pattern.Upside breakout with high volumes is required for confirmation.
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psalm
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Joined: 12 Nov 2011
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Post: #3   PostPosted: Sun Aug 19, 2012 8:02 pm    Post subject: Reply with quote
rk_a2003 wrote:
It is an Ascending Triangle (AT) .Usually a trend continuation pattern.Upside breakout with high volumes is required for confirmation.


Agree with RK...

A break above 270 could give a good move on the upside. At the same time, a weekly closing below 255 or a daily closing below 253 could tilt the advantage to the Bears....

NOTE: Indicators are showing weakness which means higher probability of going down than going up (short to medium term). Anyway, let's see Smile
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