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Tuesday, February 22, 2011

ALAM broke the support line and going further down..

1) Trend line - Downtrend ( Bearish)
2) HH - forming Lower low ( Bearish)
3) MACD - Still bearish and waiting for a 4R1G signal for bullish attack
4) RSI - Testing the 30% and waiting for a rebound for bullish attack
5) ADX - Low momentum and bearish

This counter is still downtrend mode .. and let hope for a rebound since Oil Price went up a lot

Entry Price - 1.06 ( Bullish Harami)
Stop Loss - 0.97
Take Profit - 1.12 (R1) , 1.18(R2) and 1.24 (R3)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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