Thursday, October 15, 2009

20091015 1057 GPACKET Daily Chart Study.



Looking at GPACKET daily chart, it has managed to break above the 0.90 resistant level after a long period of congestion and range trading. Trading at upper Bollinger Band with Bollinger Band width expanding plus MACD Histrogram continue to rise signaled a bullish sentiment toward this counter. New target and resisitant level for GPACKET will be :1.02, 1.13 and 1.26 level. If you swicth the chart into weekly chart, the 1.26 level will be very crucial and should this resistant level broken, a longer uptrend market are likely to take place for this counter.


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