Observation
1) Trendline - Broke below the Uptrend Line (Bearish)
2) HH - Formed lower low at 5.99 ( Bearish)
3) Candle Stick- Formed hammer on 11 Feb ( Bullish Reversal)
4) MACD - Waiting for Bullish Crossover to confirm bullish continuation
5) RSI - Now at 29% and tomorrow another white candle will break 30% to confirm bullish contiuation
6) ADX - Strong momentum but bearish
Conclusion
Remain to hold this counter..
Stop Loss at 5.95
Take Profit at - 6.66 (R1) , 7.08 (R2) and 7.19 (R3)
In addition, we observed a Gap Resistance between 6.37 to 6.45. It need to break this before going upwards to 6.66
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
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