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Thursday, April 12, 2012

PWRD - Cup And Handle, GEO - Round Bottom

PWRD - Perfect World, a Chinese online game maker,  has been on a long term down trend.  But it seems to be turning around with the 10 and 20 week MA turning up in a hurry with volume.  And it's getting ready for the golden cross on the daily chart with the next leg up.  Unlike the GEO round bottom (no handle as I was expecting) which still appears to be finding a higher neckline, PWRD is finding the handle ready with the major MA's just below.  Good objective long entry.

Here's the updated GEO daily chart. Round bottom or bigger cup -- it looks bullish either way.

1 comment:

  1. are you indian ? If not ? so please tell me which country where from you belong?

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