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Wednesday, February 16, 2011

AFFIN - Detected a very beautiful Hammer Candlestick.




Observation
1) Trendline - Sideway
2) Candlestick - Strong Hammer ( Bullish Reversal)
3) MACD - Bearish but waiting for 4R1G for Bullish Reversal
4) RSI - Bearish and waiting to breakout for 50% for Bullish Reversal
5) ADX - Momentum good but bearish


Conclusion
Awaiting for a White Candle for tomorrow which will indicate a nice bullish reversal

Entry Price - 3.6
Stop Loss - 3.3
Take Profit - 3.73 (R1) , 3.89 (R2) and 3.98 (R3)

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