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Wednesday, February 16, 2011

GENTING







Observation
1) Trendline - Downtrend (Bearish)
2) HH - Formed Lower low at 9.99 but formed a harami on Monday ( Sign of bullish reversal)
3) MACD  - Bearish but 4R1G ( Sign of reversal)
4) RSI - Now at 26.5% and going up. Once break 30% it will be a good sign of reversal
5) ADX - Weak Momentum and Bearish

Conclusion
Need to wait for a strong Harami or Morning Star Candle stick by 4.50pm today go in..

Entry Price - 10.65
Stop Loss - 9.85
Take Profit -11.1 (R1) and 12 (R2)


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