May 5, 2010

5th May 2010 - Rotary Engineering

Long term wise, Rotary looks kinda bullish, if the ascending triangle formation plays out that is.
Short term wise, it looks bearish bias. History, however has shown has shown that its going to rebound pretty soon; here's why:
  1. Rotary seems to rebound when the short term moving average cuts the long term moving average; RSI hits the 30% mark; Stochastics is below 20%.
  2. Look at the current decline and see if you agree with me.
  3. Of course, if shit happens, rotary should find support at $0.865.

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