Everybody wants an answer on KFC.. What will happen tomorrow will this counter bull run and become a Flying PhoenixLet look at the Chart and Analyze
Observation
1) Trend Line - Still below the Trend Line ( Bearish)
2) MACD - 4R1G indicator of start of Bullish ( Slightly Bullish and waiting for Confirmation)
3) RSI - Ascending up to 27% but still below the Oversold Region ( Awaiting Confirmation to break 30%)
4) ADX - Momentum weak indicating Sideway Trend and Bearish Indication
Conclusion
This counter still in downtrend . If interested for this Counter Trend attack follow this
Entry Price = 3.58
Stop Loss = 3.49
Take Profit = 3.75
Remember this entry price is for Counter Trend for Downtrend because eventhough downtrend it will rebound up to form lower high and retrace again. Be extra Cautious on this counter but take note Quarter Report is around the corner during Last Week of February
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