Saturday, February 21, 2009

AMMB


The MACD is crossing up its zero signal line and both the short term moving averages are above the medium term moving average. Price has already maintained above all the 3 moving averages. But what I like the most is the rising ADX which may be telling us that a trend is developing.

You can try to go in when price closes above its recent peak of 2.57.

This is one of those trading stocks, nothing too bullish about it.

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