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Thursday, January 20, 2011

Will Kencana rebound from the uptrend line?

1) Trend line - Another crucial moment for Kencana again. Testing the Uptrend line at 2.64 and if break below 2.6 better cut loss or take profit and if rebound from this line there will be another run of extreme bull run...
2) HH - PRevious high low at 2.51 and if broke through this it will be another turnover for this counter to be sideway or downtrend
3) MACD - Bearish with many red bar.. If tomorrow close higher there will be high chances to have a green bar to indicate 4R1G which is another round of superbull
4) RSI - Broke below 70% show bearish
5) ADX - Strong momentum with bearish signal

This is the crucial point either bull up with high momentum ( Entry point if close above 2.73) or cut loss if below 2.6

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