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Wednesday, February 23, 2011

IJMLAND Dangerzone

1) Trendline - Sideways
2) HH - Formed lower high ( Bearish) and retrace
3) MACD-  Bearish and now almost reaching to the Bearish Crossover ( Danger Zone for Free Fall)
4) RSI - Broke below 70% (Bearish) and now testing the 50%..
5) ADX - Strong Momentum and Bearish. ( if fall down.. it will fall very fast with high momentum)

Entry Price - 2.89 ( Attack if there is a rebound with Harami Attack)
Stop Loss - 2.73 ( S1) and 2.65 (S2)
Take Profit - 2.95 (R1) and 3.02 (R2) but this profit is too small and risky..

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

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