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Tuesday, June 21, 2011

MAS Airlines

MAS recently plunge about 45 cents (25%) to 1.34 which is the historical low. What happen to this counter Crash Landing? Wow looks like Air Asia is doing well that MAS in terms on stock price and lets have a look into this counter and analyze

1) Trendline - Downtrend Bearish
2) Formed higher low- Potential good and awaiting for Higher High to confirm on the uptrend
3) MACD - Bullish Crossover ( Bullish) but at negative zone ( Downtrend)
4) RSI -broke below above 50%  ( Bearish)
5) Sto - Bullish crossover  and broke above 50% ( bullish )
6) ADX - weak momentum and bearish
7) Candle Stick -Black Candle after Evening Doji Star (Bearish) What is Evening Doji Star
8) Volume Distribution - High Selling ( Bearish)

Monitor closely and only goes it when the area is clear . Wait for Higher high( Uptrend) and Rsi positive

Entry Price - 1.5
Take Profit - 1.59 and 1.64
Stop loss at 1.45

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