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Monday, February 21, 2011

ANN JOO rebound...



Ann Joo Rebounded after forming 4R1G on last Friday 18 Feb with a good continuation pattern today for further
bullish attack










Obersevation
1) Trendline - Sideways
2) HH - Formed Higher low at 2.9 ( Bullish)
3) MACD - 4R1G (Bullish Reversal) and waiting for Bullish Crossover for Bullish Outbreak
4) RSI - At 64% and with tomorrow continue with White Candle potential breaking the 70% which will be another Bullish Outbreak indication
5) ADX - Low momentum and bullish

Conclusion
Entry Price - 3.05
Stop Loss - 2.9
Take Profit - 3.15 (R1) and 3.26 (R2)

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