Kijun Sen line still moving horizontally on PGOLD

PGOLD experienced some selling pressure last December 27 and fell by 1.6%. This is due to some traders cashing out on ex-date for the cash dividend. But so far the pressure was contained when MACQUARIE SECURITIES and ANGPING were catching those who want to sell.

As we have observed since December 19, the Kijun Sen line is still moving horizontally which is a good indicator that price may be attracted and move close to it. As long as it is moving horizontally we have a bigger chance price will hit near 40.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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