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Sunday, May 15, 2011

TDM - 4R1G Detected




Observation

Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - Formed 4G1R ( Bullish Reversal)
4) RSI - above from 70% ( Bullish)
5) Sto - above from 80% ( Bullish)
6) ADX - Bullish
7) Candle Stick -( white candle) - bullish

Conclusion
Could be a potential profit counter


Entry Price 3.04 and take profit at 3.18
Resistance at 3.19
Support at 2.98

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