KCPO:-  Near To The Top ? Maybe - 2/14/2011.

Though it is a buy signal all the way,  I took my profit early but I do not regret it much as the market did not go much further. Please take note that the Stochastic has now entered the overbought zone and may be turning soon. But I also take note that the ADX is turning and has begun to rise. Since the MACD is still positive , I would not be thinking going into sell yet.







 

Everything in the weekly chart remain as bullish as ever. Price above the upper Bollinger Band; MACD is positive ; Stochastic remain above its 80's signal zone. The only item worth paying attention is the ADX is now above both the D+ and D-, this is usually taken as an overbought indication.

The fundamentals experts are getting increasing bullish on this market and that get me a bit more cautious. But at the moment , there is still no sell signal yet.