Re: [Technical-Investor] R-com - Views Welcome.. - Thanks a million

 

Hi Balaji   Thanks a million for posting charts. This will help us to be with you and see what you see and write.   Would like to mention - I enjoyed reading your posts till date for sure - was just eagerly awaiting some charts from your end.   God Bless You   Happy Trading Regards Floyd --- On Wed, 11/11/09, BALAJI Jayaraman <bctbalaji@gmail.com> wrote: From: BALAJI Jayaraman <bctbalaji@gmail.com> Subject: Re: [Technical-Investor] R-com - Views Welcome.. To: Technical-Investor@yahoogroups.com Date: Wednesday, November 11, 2009, 12:59 PM   Yes, Indicators are not suggesting anything...Volume is also kinda muted along with subdued price movements... Charts of IDEA attached.... with Candlestick patterns... Bullish Doji/Dragonfly Doji formation at the bottom of the downtrend. Can we expect a reversal soon?? Is the pattern valid? Bears were trying to push prices downward, but an area of support was found at the lows of the day & buying strength was able to push prices back up to the opening price....Bulls seems to be gaining interest in the stock. The a break of a downward trendline (around 51.40-51.65) will make the stock bullish - target can be 54-57-61. Any comments??? Rgds/Balaji

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