Futuris Company (FTRS)

[k_trader]

Chart and Technical Notes - 7/20/2010
As volume picks up there could be a huge pop so hold on to your shares and enjoy the ride.

1. RSI and Williams charts show EVXA is very oversold. This is a bullish indicator which means a price correction is expected and PPS should increase.

2. Full STO chart lines have crossed and now indicates a BUY signal.

3. Trix has also crossed lines and is up ticking. This would also indicate a BUY.

4. Yesterday's candle was a spinning top on key support indicating a possible trend reversal. Today's white candle is confirmation for reversal and we should see a new up trend.

5. Cup and Handle formation seems to have completed its pattern. This is a very bullish signal and could indicate that our breakout is finally here.

6. Double bottom pattern is still in play. Once we cross the 0.025 resistance point, I expect the Gap to be filled as the price continues to retrace.

EVXA - Daily Candlesticks



GLTA