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Tuesday, June 14, 2011

Mudajaya - Descending Triangle Reached Free Falling Start...

I hope everybody is able to run as fast as you can  if you may be like the person below


Run run!!!!
 



                                                             Too bad run too slow... OUch!!!







No recovery!!!









Observation
1) Trendline - Downtrend Bearish
2) Formed lower low- Bearish
3) MACD - Below 0 and bearish crossover( bearish )
4) RSI -broke below above 50% ( Bearish)
5) Sto - Bearish crossover  and deep dive below 20% ( Bearish )
6) ADX - weak momentum and bearish
7) Candle Stick -  Bearish Gravestone Doji ( Bearish) Refer to What is gravestone Doji
8) Pattern - Descending Triangle ( Bearish)

Conclusion
Already broke 4.48 support and close at 4.47. If tomorrow high volume and going down, better scram!!!

Run away Price 4.48
Support at 4.2 and 3.72

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