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Wednesday, June 29, 2011

Ann Joo on verge to have bearish reversal

 After all the optimistic view and indicator showing that this counter might goes up shooting up but the indicators are slowing reversing. Let hope it is able to sustain and continue to be bullish

1) Trendline - Uptrend ( Bullish)
2) Formed higher low  - ( Bullish)
3) MACD - 4G1R  (Bearish) and if bearish crossover is formed it will be inevitable and let hope tomorrow will have another Green Histrogram
4) RSI - broke below 50% ( Bearish)
5) Sto - Bearish Crossover and K % broke the 20% ( Bearish)
6) ADX - weak momentum and both indicator are kissing ( Undetermined)
7) Candle Stick -  Matching Low( Slight bullish) What is matching low?
8) Volume Distribution -  The volume is pretty low and only have sell. ( Undetermined)

3 Points

3 Points



Due to no volume this chart cannot be determined.

Entry Price 2.8
Take Profit  at 2.88 and2.97
Support at 2.73 and stop loss below 2.7

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