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Saturday, June 18, 2011

MHB still strong

1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - Bullish Crossover ( Bullish)
4) RSI - Broke above 70%
5) Sto -waiting Bullish crossover and going to break above 80%
6) ADX - strong momentum and bullish

Wait to break up another resistance line at 8

Entry Price 8.83
Resistance at 8.94
Support at 8.47

Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks) 
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  1. AnonymousJune 18, 2011

    Hi bro, just to warn you about the bad candle in MHB, looks like smart money is flowing out. i might be wrong, just an opinion. cheers take care. keep up the good work.

  2. Everything is possible my friend. Most important rule is follow our stop loss and take profit. Dont be too greedy and dont be too safe..

    Just follow the easy 123 step :)

  3. AnonymousJune 20, 2011

    yeap you are right. but i have a bad habit of averaging down, and when it comes to cutting losses, i would have lost a lot :( I hope it doesnt happen to other people. cheers bro! c u