MACDEnd of downward momentum marked by MACD crosses over the signal line. Bullish.
Ichimoku Kinko Hyo
Price broke the upper limit of kumo cloud. Chikou span is far above, and seems like it would remain so for quite a period. Tenkan sen (pink) crosses over Kijun sen (cyan). All these are indication of possible bullish trend. This trend is supported by volume spike on the previous 3 trading days.
Increase in price is expected to be caused by extraordinary well performance of company 1H2010 (125.9% increase in Net Profit!). Furthermore, interim dividend of $0.02SGD (4.4% yield) was declared, for shareholder registered on 14th September. It is expected that price would increase till then.
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