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Monday, February 28, 2011

Ann Joo Retracing towards next support



Observation
1) Trend line - Sideways
2) HH - Heading toward Higher low 2.8 ( Still Bullish)
3) MACD - Bearish and let wait for the 4R1G to attack
4) RSI  - Hovering at 30% ( Bearish) and wait for this to rebound for bullish reversal
5) Sto - Waiting for Bullish Crossover
6) ADX - Weak momentum and still bullish
7) Candlestick - Formed a weak bullish hammer

Conclusion
Entry Price - 2.86 ( Bullish Harami) with 4R1G (MACD) and rebound at RSI and Sto Bullish crossover
Stop Loss - 2.78
Take Profit - 3.03 (R1) and 3.15 (R2)

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