Google Ad Choice

Wednesday, February 9, 2011

ALAM cooling down..

 Many people are stuck in the middle when people bought at 1.20 and above.. What will happen to Alam ?

1) Hit the Resistance Line at 1.25 and retrace
2) MACD - Formed 4G1R ( Start of Bearish)
3) RSI - Broke 50% and heading down (Bearish)
4) ADX - Momentum still good and bullish ( Bullish)

Lets wait for ALAM to cool down with normal retracement and try to enter again if possible

Wait for Rebound at
a) 20d MA - 1.13
b) Support Line - 1.12 (S1) and 1.1 (S2)

No comments:

Post a Comment