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Tuesday, March 8, 2011

DRBHICOM rebound but watchout



Observation
1) Trendline - Downtrend  ( Bearish)
2) Formed lower low - Bearish and if break 2.19 then different story
3) MACD - Going up Bullish but beware
4) RSI - Going up and testing 50% ( Bullish)
5) ADX - Bearish and low momentum
6) Sto - Bullish

Conclusion
Watchout the resistance at the 20D ma at 1.99. If there is any reversal here, better take back your losses..

If still goes up hold the profit until any reversal Candlestick or 4G1R signal at MACD

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