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Tuesday, May 31, 2011

Dialog will be trying to test the next resistance at 2.84


Hope everybody were on the same ship and went in at 2.72 and let aim for 2.93 for a small 8% gain

Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - 4R1G and bullish
4) RSI - above 70% (Bullish)
5) Sto - Bullish crossover and wait to break above 80%
6) ADX - good momentum and bullish
7) Candle Stick -  White Candle (Bullish)
Conclusion
Could be a potential profit counter


Entry Price 2.72
Resistance at 2.84 & 2.93
Support at 2.68

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