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Tuesday, February 22, 2011

BIMB broke the support line and free fall .. Expected 12% loss

1) Trend line - Downtrend ( Bearish)
2) HH - Formed lower low ( Bearish) and broke the support at 1.38
3) MACD - Bearish
4) RSI - Now at 32% and if break lower it will be a super bearish
5) ADX - Very weak momentum and bearish

Broke the support at 1.38 and the next support at 1.19 ( 12.3% losses)... Let hope there might be a pull back with a Harami Attack and close at 1.41 to counter this downtrend..

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