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REG - Why it went up?

4 posters

Go down  Message [Page 1 of 1]

1REG - Why it went up?  Empty REG - Why it went up? Fri Oct 07, 2011 8:23 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Why REG went up suddenly? I think its technical.. later on manipulated..

Though this was not on a down trend, before the run starts, see the boxes I've highlighetd.
It has formed a bullish engulfing pattern which is a bullish reversal pattern, usually occuring
at the bottom of a downtrend.

First sign of the pattern doesn't carry enuf volumes to go up though SAR, RSI was on the up trend.
But Second sign was a perfect indication of a bull run - look at the RSI & MACD signals and trend line crossover with hi volumes, this has indicated a collection..

We have another bullish engulfing pattern confirmation with y'day's close. RSI is up and MACD still up and volumes slightly up too..
Sometimes this can initiate a run or a pathway for big guns to exit..

However this is way overvalued now.. fundamental value is 200-250 max, so dont burn your fingers


REG - Why it went up?  Reg10

2REG - Why it went up?  Empty Re: REG - Why it went up? Fri Oct 07, 2011 8:54 am

arrowms


Manager - Equity Analytics
Manager - Equity Analytics

Thx for update

3REG - Why it went up?  Empty Re: REG - Why it went up? Fri Oct 07, 2011 10:33 am

deep


Senior Equity Analytic
Senior Equity Analytic

In SL technical can easily be manipulated.. When RSI is above 70, manipulators can collect enough shares and then manipulate the price.. elephant

4REG - Why it went up?  Empty Re: REG - Why it went up? Fri Oct 07, 2011 2:48 pm

barney

barney
Equity Analytic
Equity Analytic

nice Work smallville ! can u see any other bullish reversal pattern shares that are good to enter? ...how about calf?

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