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Saturday, March 26, 2011

Hapseng BB Squeeze.. Once burst up or down?

1) Trendline - Sideways with Bollinger Squeeze
2) Formed higher low - Bullish
3) MACD - formed 4r1G - Good indication of bullish
4) ADX - Weak momentum ( Sideways) but the bull and bear is French Kissing (Wow). Let wait who will give in either the bear or bull will win..
5) RSI - Rebounded at 50% and uptrend ( Bullish)
6) Sto - k% up and waiting for Bullish Crossover ( Waiting for confirmation)
7) Candlestick Pattern - Bullish Engulfing ( Bullish)

There is a small chances it will burst upwards or downward big time within 2 weeks. Those who are day or position trader can go for this counter..

Entry Price at 6.8
Stop loss at 6.5
Take Profit - 7.05 (R1) and 7.52 (R2)

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