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Thursday, June 23, 2011

Perisai - The Shield Maiden

Today Perisai went up and some of my kind reader asking whether it is a buy call!.. Let the Technical Analysis decide for us. Aint that easy hehe..

1) Trendline - Uptrend( Bullish) and just broke above the downtrend line
2) Formed higher high - Bullish
3) MACD -4R1G signal ( Bullish )
4) RSI - Rebound from 50% ( Bullish )
5) Sto - Bullishcrossover and heading towards 50% (Bullish)
6) ADX - weak momentum and bullish
7) Candle Stick -Abandoned baby ( Bullish)
8) Volume Distribution - Buying Pressure is very high from small investors (Bullish) and becareful

0 Points

       8 Points


Winner BULL
Volume up by small investor and we just need to be very cautious about this kind of trend because anytime if the big shark is full they might unload this counter. So always watch your take profit and cut loss
Entry Price 0.86
Take Profit  at 0.93 and 1.02
Support at 0.77
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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