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Sunday, February 27, 2011

MUHIBAH



Image


Observation
1) Trendline - Downtrend (Bearish)
2) Formed Lower Low ( Bearish)
3) MACD - Bearish
4) RSI - Below Oversold Region (Bearish) and wait for the signal to break 30% for bullish reversal
5) Sto - Bullish Crossover ( Bullish)
6) ADX - Strong Momentum and Bearish
7) Candlestick - Bullish Harami ( Bullish)

Conclusion
Counter Trend Strategy
Entry Price - 1.54
Stop Loss -1.45
Take Proft - 1.63(R1) and 1.93 (R2)

RRR Factor
a ) 1.63 (R1)
RRR = 1.29

b) 1.93 (R2)
RRR = 5.57

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