Friday, January 29, 2010

Petronet LNG looks good....

Another buy call be for Petronet LNG. On the charts its been making higher lows and higher highs from the past 3 days - which shows strength for the stock.

On the RSI chart, the RSI line has moved from the oversold level to close to 50 level.

On the ADX charts the DI+ has crossed over the DI- line which shows buying strength for the stock.

Disclosure: I hold this stock in my portfolio.

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