Moses’s Singapore Stock Analysis, Neptune Orient Lines, NOL further analysis
What’s your expectation? Moving north or south when the market opens on Monday.
In Technical Analysis, TA indicators will provide some information about the price action. Either the price action is at strong trend or there is already potential weakness.
To have some clue, I add CCI, Commodity Channel Index and set the parameter to 5. CCI has showed there is already a price action weakness. See chart.
Trade what you see, the indicator is just like traffic signal; provides you a warning that there is a potential that the price might be about to change direction.
Trade with caution!
It is fun to learn technical analysis, so you could understand what the chart is trying to tell you.
Have fun!
NOL Daily Chart with CCI
Neptune Orient Lines Daily with CCI
By Moses, February 5, 2012
DSICLAIMER
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