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Monday, February 28, 2011

Affin formed a bullish Hammer




Observation
1) Trendline - Downtrend  ( Bearish)
2) Formed lower low - Bearish
3) MACD - Bearish and awaiting for 4R1G signal for bullish reversal
4) RSI - Oversold ( Bearish) and awaiting it to break 30% for bullish reversal
5) ADX - Bearish and momentum strong
6) Sto - Awaiting for Bullish Crossover
7) Candlestick - Formed a hammer at the 100ma Support ( Bullish)

Conclusion
If we see a white candle high chances it will fulfill the requirement for MACD, STO and RSI

Entry Price - 3.31
Stop Loss 3.2
Take Profit -  3.48 (R2) and 3.59 (R2)

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