Glove Sector to be Monitor due to potential SAR 2nd version

Interesting News on the SAR virus.. This could be a booster for Glove Sectors

Health Officials Investigate New SARS-like Virus Detected in Second Person

A new virus.. similar to the deadly SARS virus.. has been identified in a patient who is critically ill in a London hospital.

Read more...



Let check on the Glove Index Sector for  26 September 2012

Indicators
1) Trendline - Broken above  uptrend line at 21.28 (Bullish  ) .
2)  Support/Resistance - Formed Lower low and lower high (Bearish) 
3) MACD - Bullish Signal Meeting with the Bearish Signal. If bullish crossover will indicate bullish strength.
4) RSI - Broke above  30% and heading towards 50% (Bullish  ) 
5) STO - Bullish Crossover and broke above 20% (Bullish  ) 
6) Ichimoku -  a) Price in the support cloud and rebound after hitting the bottom of the support cloud.. (Bullish ). 
                       b) Conversion line  below the base line (Bearish). 
                       c) Price close below the baseline ( Bearish) . 
7) Candlestick pattern - Formed 2 white candle after a support hammer (Bullish) . Click here to know what is hammer at support

Conclusion:
Bullish 

Resistance-  22 / 22.2 / 22.4 / 22.56 / 22.73 / 23.04 / 23.62
Support -  21.67 / 21.54 / 21.16



Stock Performers in Glove Sectors..

Leading
Adventa       - Sideline
Latexx          - Retracing
Harta            - Inclining   ( Monitor)

Lagging
Wellcall        - Inclining   ( Monitor)
TopGlove     - Inclining   ( Monitor)
SuperMax     - Inclining   ( Monitor)
Kossan         - Inclining   ( Monitor)
Rubberex     - Sideline