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Monday, February 28, 2011

CIMB formed a super beautiful bullish hammer.. It is hammer time..

      HAMMER TIME -- MC HAMMER.. CIMB HAMMER and Bull Attack haha..

1) Trend Line - Downtrend ( Bearish)
2) HH- Formed lower low at 8.05 ( Bearish)
3) MACD - Still bearish but the bullish crossover it is getting nearer and awaiting 4R1G. ( Bearish)
4) RSI -  Waiting to rebound at 30%
5) ADX - Weak Momentum and bearish
6) Sto - Awaiting Bullish Crossover

7) Candlestick - Formed Bullish Hammer ( Bullish)
Even though we saw the CIMB rebound but to be on the safe side.. Let observed longer

Entry Price - 8.13 (Risky)
                    8.23 (Safe)
Stop Loss - 8.04
Take Profit - 8.32(R1) and 8.37 (R2) and 8.5 (R3)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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