Monday, October 26, 2009

20091026 1138 MEDIA PRIMA Weekly Chart Study.



Media Prima weekly chart looks strong with all indicators sending bullish uptrend signal after breaking the 1.60 resistant level that now turned into support level and now marching toward the 2.00 target resistant level. Should the MACD Histrogram continue to rise, it is likely for MEDIA to reach the 2.00 level but if the MACD Histrogram started to form a rounding top, that would be an alert not to hold. 

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