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Wednesday, February 9, 2011

Everybody's Favourite PCHEM

 Will PCHEM be hot and break the Resistance of 6.39 and fly fly?
































Observation
1) Trend - Uptrend Line - Bullish
2) HH - Formed higher low at 5.945 and going up (Bullish)
3) MACD - Bullish Crossover with 4R1G indicator few days ago (Bullish)
4) RSI - Now at 63% and going up ( Bullish)
5) ADX - Nice momentum with Bullish

Conclusion
Entry Price - 6.41
Stop Loss - 6.14
Take Profit - 6.6 (R1) , 6.73 (R2) and 6.83 (R3)


2 comments:

  1. Hoping it'll breach the 6.5 mark soon.

    ReplyDelete
  2. Edwin, make it fly higher for me. I need RM7.00 or else my babies are stucked ler.. hahahhha!

    ReplyDelete

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