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Sunday, January 16, 2011


1) Uptrend - Still above the uptrend line but need to be cautious that if broke the Uptrend Line at 2.96 on monday Jan 17, it maybe be a start of a reversal
2) HH - Formed Higher HIgh at 3.1 and retrace back and next support will be at 2.96 and 2.85 ( Last Higher low)
3) MACD-  Moving Sideways waiting for next confirmation on Bull or Bear
4) RSI - Now currently 64% after overbought region on Thursday ( Jan 14)
5) ADX - 24% moving sideways

Conclusion cut loss at 2.96 and if it break the resistance at 3.1 there will be another long bull run for this counter

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