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Wednesday, June 29, 2011


Here is a new stock for me to analyze and enquired by our fellow forumer.. Let analyze and provide some analysis :)

1) Trendline - Downtrend ( Bearish)
2) Formed higher high- ( Bullish) and need to wait for it to form higher low for confirmation of uptrend
3) MACD - formed bullish crossover ( Bullish )
4) RSI -Broke above 70%(  Bullish)
5) Sto - formed bullish crossover and break above 80% (Bullish )
6) ADX - low momentum and bullish (Bullish)
7) Candle Stick - Dragonfly (Bearish Reversal.)
8) Volume Distribution - Selling Pressure is strong and that is why it related with the Candle Stick (Bearish)
9) Research buy from CIMB ( Report)

3 Points

      5 Points


Winner BULL
It has formed a bearish reversal and let wait for this counter to retrace and catch it at the support but if tomorrow it continue to go up we can catch it at the entry price 
Entry Price 0.78
Resistance 0.815 and 0.915
Support 0.67

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