SNGP Sui Northern Gas Pipelines Analysis 26 Sep 2013
Upside Prevails
Our Pivots: 20.32
Our Preference:Buy SNGP above 21.50 with a strict stop loss of 20.32 and profit target at 23.05 with extension towards 25.99.
Alternate Scenario: Downward Penetration of 20.32 will call for 19.42
NOTE: SNGP is moving in a bullish trend and is getting support from a bullish trend line, weekly MAORSI is also supporting its bullish behaviour towards 23.05 as it have penetrated its triangle in upward direction. Closing above 23.05 will call for 25.99
Recommendations:
For New Entries (Buy Above 21.50)
For Existing Holders (Hold till 23.05)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
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