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Wednesday, January 26, 2011

Gamuda still downtrend

Today Gamuda went up a bit and close at 3.8 with spinning top (indecisive marker)

1) Trend line - still below the downtrend line (BEARISH)
2) HH - Heading toward previous higher low at 3.86 (BEARISH)
3) MACD -  Bearish and histrogam still red and longer (BEARISH) - Waiting for 4R1G
4) RSI - Nearly at oversold at 32% waiting for rebound (BEARISH) - Waiting to rebound at 30%
5) ADX - Momentum is still their with bearish signal

Entry Price - 3.85 with 4R1G signal . With this we will see a strong support there will be a rebound at RSI. If does not reach this entry price please do not go in because it is still risky

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