The Leader of the O/G sector and will this king prevail go lead all the counter to go for Extreme Bull Run?Observation
1) Trend Line - Uptrend ( Bullish)
2) HH - Formed Lower High at 2.17 ( Bearish)
3) MACD - Bearish and waiting for 4R1G signal probably by 17 Feb 2011 for strong reversal indication
4) RSI - Retracing below 50% ( Bearish) and waiting to break above 50% for Bullish signal
5) ADX - Good momentum and Bearish
Conclusion
We need to wait for a strong reversal once KLSE resume bullish and let wait for a good nice Harami or Morning Star Signal. As you noticed on last trading day it was showing a weak Hammer.
Entry Price - 2.14 ( Risky)
2.18 (Safe)
Stop Loss - 2
Take Profit - 2.29 (R1) and 2.42 (R2)
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
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