Wow for this dialog when will it go up.. Averaging down at 0.19, 0.185, 017 and 0.16 (Total 3500 lots) on the Dialog CC
Observation
1) Trendline - Uptrend ( Bullish)
2) HH - Forming higher low ( Bullish) and supported at 20d Ma Support
3) MACD - Bearish and awaiting for 4R1G signal for Bullish Attack
4) RSI - Retracing toward 50% ( Bearish)
5) Sto - Retracing ( Bearish) and waiting for it to rebound at 50% and formed bullish crossover
6) ADX - Weak momentum but bullish
7) Formed Hammer at 20d moving average ( Bullish)
Conclusion
Support at 2.15 and any lower than this please cut loss
Take Profit - 2.29(R1) and 2.42(R2)
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http://edwinextremebullrun.blogspot.com/search/label/FORUM
I'm new to technical analysis. This question might sound dumb but how can u know from the chart the support and resistance level. Can u teach me how to read the chart.thanks
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