Wednesday, September 5, 2012

Breakout in Indicators

We always know that Indicator is the reflection of a price. Whenever we see a Bullish/Bearish Breakout in price we see a reflection on indicators. Yes, we are seeing 2 H&S Pattern here in this stock. But I think the stock may not be able to cross neckline. We have seen a Negative Breakout in RSI.

MY Theory:
The stock is going to consolidate around  770 later it may head to break that Neckline. “BUT NOT KNOW”