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Peninsula Land

Discussion in 'Technical Analysis' started by tarak_desai, Aug 26, 2012.

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  1. tarak_desai

    tarak_desai New Member

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    Hi,

    Newbie here, just downloaded DIYTA book few days back, please see attached chart.

    Does Peninsula Land shows bullish pattern ?

    Thanks Guys.
     

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    tarak_desai, Aug 26, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Hi Tarak Desai, you should always use the candle stick charts and not line chart because line chart does not have the needed data to identify the trend, support and resistance. It plots only one price point for the time frame and that is too little data to predict anything.

    Now coming back to your stock, I think it does not have a bearish medium term trend but then if it cracks 35 now, the views could change.
     
    shabbir, Aug 27, 2012
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  3. tarak_desai

    tarak_desai New Member

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    Thanks Shabbir for the advise and inputs, appreciate it!
     
    tarak_desai, Aug 27, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Aug 27, 2012
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