Wednesday, December 8, 2010

AIMS AMP

MA - 100dma is trending up and might be the immediate support.

Volume - Tapering. Might be consolidating.

Price - Formation of symmetrical triangle shows that the market is currently indecisive of where the trend is going to be.

ADX - The uptrend is still strong.

MACD - Not much momentum at this moment. But look out for sign of MACD line crossing signal line and 0, as sign of upward move.

Stochastics - Lower highs shows less buying pressure.

OBV - Not much movements

Conclusion :

CALL : HOLD but monitor for TREND

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