Thursday, December 8, 2011

Crescendo Berhad as at 8/12/2011

Moderate high volume with small white spread. I interpret this as retail investors sell off as it hitted downstrend resistance and waited for opportunities to enter the market again as this volume not probably indicates dumping by SM. Nothing much shown by the MACD and Accumulation/Distribution indicators but OBV shown a sign of slow down. Bollinger expanded indicates a significant movement for the next few days. Might be pull back on 9/12/2011.

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