Showing posts with label FE Orchard (O10). Show all posts
Showing posts with label FE Orchard (O10). Show all posts

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.