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Tuesday, May 31, 2011

Kimlun keep a close watch




Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - 4R1g ( Bullish)
4) RSI -Hovering at 50% ( Indecisive)
5) Sto -bearish crossover  and going below 20% (Bearish)
6) ADX - strong momentum and bullish
7) Candle Stick -  Spinning top at 50d Ma( Decision making)

Conclusion
Have to wait today whether will it rebound and fall from the support 1.75

Entry Price 1.86 
Resistance at 2.09
Support at 1.7

Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM 

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