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Thursday, May 26, 2011

GAmuda waiting to break a resistance


Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - Bullish Crossover ( Bullish)
4) RSI - Broke above 70% ( Bullish)
5) Sto - broke above 80% ( Bullish)
6) ADX - weak momentum and bullish
7) Candle Stick - spinning top
Conclusion
Could be a potential profit counter

Entry Price 3.82
Resistance at 3.97 & 4.25
Support at 3.65

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