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6/6/11

June 6-12, TA for Wilma


Trend - Side Trend (Confirmed by 50D crossover 100D, MACD slight above 0 line)
Momentum - Flat and downward slope (confirmed by stochastic and RSI)
Resistance - 5.39 and 5.50
Support - 5.20 (Gap Up Support) and 5.00
Volume - below Average
Candlestick - NA

Wilma stock have been in continuous downtrend for a long period of time. Interestingly to note is that the 50D MA has crossover the 100D MA indicates a possible trend reversal from Down to Side. If you are in long term SHORT, you might want to change your game plan. If you observed the 50D MA is forming a support line for Wilma, do respect this 50D MA.

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