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Tuesday, May 24, 2011

DRB HICOM second round up?



Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - Kissing and waiting for 4R1G. If tomorrow white candle then it is 4r1G
4) RSI - waiting for confirmation rebound above 50%
5) Sto -waiting Bullish crossover and wait to break above 50%
6) ADX - weak momentum and bearish
7) Candle Stick -  bullish engulfing ( Bullish)
Conclusion
Could be a potential profit counter


Entry Price 2.26
Resistance at 2.41 & 2.5
Support at 2.17

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