Observation
1) Trend Line - Downtrend ( Bearish)
2) Formed Lower Low ( Bearish)
3) MACD - Bearish and formed at 4R1G signal ( Good time to buy ?)
4) RSI - Oversold at 14% ( Cheap bargain !! and now lets wait for the bullish breakout above 30%)
5) ADX - Average Momentum but Bearish
6) Sto - Bullish Crossover ( Bullish and Good time to buy ?)
7) Candlestick - Bullish Harami ( Bullish)
8) CCI - Going up (Bullish) and wait till it break above -100 point for bullish reversal
Conclusion
Strong indicator of bullish reversal but will be strong enough to break high?
Counter Trend Strategy
Entry Price - 1.02
Stop Loss - 0.95
Take Profit - 1.1 (R1) and 1.18 (R2) and 1.24 (R3)
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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