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Tuesday, February 15, 2011

UEMLAND - Testing the Resistance at 2.9 second time

Well UEMLAND successfully break the resistance at 2.9 this time and breakout higher?






Observation
1) Trend - Sideways
2) HH - Formed higher low at 2.71 and go up and now testing the resistance at 2.9 ( Bullish)
3) MACD - Still in Positive and histrogram going up ( Slightly Bullish) and awaiting for Golden Croosover
4) RSI - Now at 44% and going up and awaiting to break the 50% for further strong bull ( Bullish)
5) ADX - Momentum weak and bullish

Conclusion
Waiting for this counter to break the Resistance at 2.9

Stoploss - 2.68
Take Profit at 3.00 (R1) and 3.17 (R2)

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