Monday, September 28, 2009

LC Dev Technical Analysis

For the previous one on Starhill Global Reit, we saw an ascending triangle breakout. Btw, I'm still keeping Starhill.

Now, a stock is seeing similar chart pattern.

Let me present to you, LC Dev!

Near support for ascending triangle. The stochastics is up, MACD turning positive soon, RSI at acceptable region and moving up, GMMA showing signs of a compressive break upwards.

The Bollinger band is also closing up, along with the moving average compression analysis (13 MA, 21 MA, 34 MA, 55 MA, where 13, 21, 34 and 55 are fibonacci numbers) is showing signs of a strong compressive breakout too.

21 cents will be a good price to load. Expecting it to reach 23 cents soon, before breaking upwards to reach next resistance at 30 cents.

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