Tuesday, September 15, 2009
Possible Flag and Pole in Rcom - 15th Sep 09
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Rcom Chart - Hourly:
Rcom is consolidating with low volumes after reaching 317, and it is forming like a falling wedge. This wedge not yet fully developed. Which may act like a flag to the previous shooting up move with spiking volumes. If it gives break out with confirming volumes then the first target may be 317 and second target may be 365.
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2 comments:
Doji,
Hats off to you for the wonderfull posts on TA.
Really amazed and keep up the good work.
If you know to code AFL can you please do me a favor ?
I need an AFL amibroker formula for the below conditions. It should help in exploration and find the stocks which satisfy the conditions.
1. weekly price bars have JUST closed above the 50 week ma,
AND
2. weekly rsi above 50,
AND
3. weekly macd positive and above zero
AND
4. weekly stochastics positive and rising
AND
5. weekly obv above its 14day moving average
Thanks in Advance
Hi Ganesh,
Thanks for your nice words, but sorry I really dont have time to help you out with your AFL requirement. Please dont mind and good luck.
Doji
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