Friday, October 30, 2009

20091030 0951 KURASIA Weekly Chart Study.



Kurasia weekly chart looks good and trading in an uptrend. Bollinger band reading biased to a positive upward movement. However MACD Histrogram stepping downward slowly = buying activity seems slowing down. Immediate target and resistant rest at 0.825 level and support falls on 0.73 level. At this point, MACD Histrogram development will be crucial for indication of Kurasia price direction movement.

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