Home > Techcomp > Techcomp – flag formation play

Techcomp – flag formation play

Previously in a downtrend till 30 cents and currently is forming possibly a high probability setup called the flag formation.

Stochastic is making a crossover while RSI and MACD is strengthening. ADX+ is going to do a crossover with ADX- soon.

Target price 40.5 cents with minor support at 34.5 cents. 20dma and 100dma and also 20wma might also provide support. The stronger support will be at 30 cents. Overhead resistance at 36.5 cents and 50dma.

Techcomp flag formation setup

Categories: Techcomp Tags:
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: