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Tuesday, February 22, 2011

Uemland went down..

1) Trend line - Uptrend ( Bullish)
2) HH - Formed higher high at 3.07 and retrace after forming shooting star.. and now testing the higher low at 2.71..
3) MACD - Formed 4G2R ( Bearish)
4) RSI - Broke below 70% ( Bearish)
5) ADX - Weak Momentum and Bearish

We need to becareful since it has formed a shooting star and retrace downwards.. As long it rebound from the support line of the higher low it will be still a uptrend

Entry Price - 3.1
Stop Loss - 2.69 
Take Profit  -3.18 and 3.41

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