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Sunday, June 12, 2011

Air Asia Potential Bull Flag with chance of 9% gain !!




Observation
1) Trendline - Uptrend Bullish
2) Formed higher high - Bullish
3) MACD - Bullish Crossover  ( Bullish Reversal)
4) RSI - Broke above 50% it will be superb
5) Sto - Bullish crossover and broke above 50%
6) ADX - good momentum and bullish
7) Candle Stick -  Hammer with Bull FLag formation ( Bullish)
8) Chart Pattern - Bull Flag Formation with decreasing volume

Conclusion
Potential Bull Flag Formation with decreasing volume with 9% gain


Entry Price 3.22
Take Profit  at 3.5
Support at 3.18


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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