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Friday, May 27, 2011

E&O hammer detected ( Bullish Radar)




 Nice Heritage E&O situated in Penang.











Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - waiting for 4R1G with a white candle on Next Monday
4) RSI - waiting to break above 70%
5) Sto - kissing and waiting for bullish crossover
6) ADX - strongmomentum and bullish
7) Candle Stick - Formed hammer on 20d MA
Conclusion
Could be a potential profit counter

Entry Price 1.6
Resistance at 1.65 & 1.8
Support at 1.48


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