Friday, 10 May 2013

Far East Orchard: BBsqueeze in weekly time-frame

Weekly chart shows a BBsqueeze, with the 20w SMA sloping upwards.
Price supported by the 20w SMA.
This suggests possible volatility with an upside bias.

Daily chart shows a 4-month consolidation after the uptrend.
A bullish breakout would be consistent with the analysis in the weekly chart.

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