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Wednesday, May 25, 2011

Has SEG hits it's bottom and ready to rocket up again?

1) Trendline - Uptrend(  bullish)
2) Formed higher low- awaiting for high low and it has not touch the previous higher low yet 3.29
3) MACD - Waiting for 4R1G
4) RSI -However below 30% and waiting to break above
5) Sto -SLightly above 20% and waiting
6) ADX - weak momentum and bullish
7) Candle Stick -  Many Hammer ( many strong support)
Could be a potential profit counter to go up again

Entry Price 3.85
Resistance at 3.93& 4.03
Support at 3.61

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