Wednesday, July 11, 2012

MFlour EOD 10/7/12


The recent hike of Mflour on 5/7/12 from 1.50 to high of 1.59, and closed @ 1.55, continued with its next day slight hike up to 1.56, H -1.60, C - 1.59 with some volume seen. 
These two days were not much of an upward movement, where by it settles around the range of 1.60 - 1.64. 

I'm anticipating for it to break above the trend line, so that we could see some nice profit @ 1.70 level.

R @ 1.65 - 1.70 - 1.74.
S @ 1.60 - 1.59.

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