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Monday, May 30, 2011

MHB testing the power of the resistance will it break it??

1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - Bullish Crossover ( Bullish)
4) RSI - Broke above 70%
5) Sto -waiting Bullish crossover and going to break above 80%
6) ADX - strong momentum and bullish
7) Candle Stick -  Spinning top at Resistance( Decision making)

Have to wait today whether will it break and fall from the resistance at 7.3

Entry Price 7.33
Resistance at 7.49 & 7.65
Support at 7.10

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