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Thursday, June 30, 2011

Ranhill moving out from the downtrend?

Today Ranhill had a high volume and went up. Will this be another charging bull stock?

1) Trendline - Uptrend( Bearish)
2) Formed lower low - ( Bearish)
3) MACD -Formed 4R1G  and awaiting bullish crossover( Bullish )
4) RSI -Broke above 30%(  Bullish)
5) Sto - formed bullish crossover and break above 20% (Bullish )
6) ADX - high momentum and bullish surge (Bullish)
7) Candle Stick - Breakaway (Bullish.) What is breakaway
8) Volume Distribution - Buying Pressure is good  (Bullish) but notice only retail investor are buying. Do they have enough bullet to push this counter or this is a bear trap?

2 Points

       6 Points


Winner BULL

Entry Price 0.68 with high volume
Resistance 0.745 and 0.78
Support 0.61

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