Thursday, 26 November 2009

Anglo Swiss Stock Chart Showing Positive Signals

Anglo Swiss Resources Inc.
Basic Shares 130.2 million
Fully Diluted 150 million


Is a picture worth a thousand words? Are you a technical trader or an investor or a momentum player? People have a variety of ways to try to second guess the market and certainly none of them are foolproof.

To a technical trader the Anglo Swiss stock chart is demonstrating a number of positive signals. They include a trendline breakout to the upside, rising Relative Strength Index (RSI) through 50, the rising Moving Average Convergence / Divergence (MACD), and the stock broke through the 200 day moving average. The caution is that these are early signals, which have to be verified with a continued price appreciation.

Please click on the image to enlarge