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Tuesday, June 14, 2011

Digista

To answer to one of my good pal

Nope Digista it is not having a bullish flag because bullish flag last only not more than 1 week but this trend is more a symmetrical triangle





Observation
1) Trendline - Uptrend (  bullish)
2) Formed higher high- Bullish
3) MACD - bearish crossover (bearish )
4) RSI -broke below 50% and RSI divergence (bearish) -
5) Sto -Broke above 50% and bullish crossover ( Bullish)
6) ADX - HIgh momentum and bullish ( Bullish)
7) Candle Stick -  Star - not determined
Conclusion
Could be a potential profit counter


Entry Price 0.48
Resistance at 0.54 & 0.57
Support at 0.44

1 comment:

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