Welcome! Have a profitable trading day ahead of you!

Monday, September 11, 2006

Xpress

As requested by rog. Listed since 28 June 1999 on SGX Mainboard, Xpress Holdings main focus is in the financial printing market namely equity research reports, corporate annual reports, Initial Public Offer prospectuses and mutual fund documents.

Technically, prices broke through resistance at .185 as rsi continues to remain above the 70% mark signalling a strong uptrend. Next resistan
ce at .215/.235, support at .165/.145 .

One technique of using RSI is to see if prices breaks through any resistance as its rsi enters the 70% overbought region. If it doesnt, then prices are expected to remain rangebound. The same applies to the downside, when rsi enters the 30% oversold region, do prices break down below any support? If they do not, then prices are expected to rebound and remain rangebound.

No comments: