Weekly Impulse allows to go long in the daily time-frame.
GMMA long-term group is well separated and moving in a broadly parallel pattern. The strong underlying trend has a low probability of a sudden collapse.
There is a possible trend channel.
Bullish harami formed at 50d SMA trendline support.
The pattern was formed below the 10d EMA and stochastic oscillator %D is below 20; this passes the candle pattern filtering.
13d EMA and MACD-Histogram both sloping down, so daily Impulse still does not allow to go long.
The 13d EMA or MACD-Histogram must tick up in the next session in order to go long.
Outcome:
12 Apr: Opened LONG at $15.30
20 Sep: Closed at $15.88
Reason for closing: Doji formed on 14/09/2012 with heavy volume and subsequently $16.00 S/R level broken.
Note: Collected divided of $0.04663 per share in Jun 2012.
Profit $0.62663, 4.1%
