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Sunday, June 26, 2011

Sunway 4R1G detected - Will it restart the bull Engine after resting

Sunway did broke the 2.54 with a big white candle stick up to 2.74 and then retrace and rested on the 2.61 level.. Now it look like it has completed its fuel stop and start to rev up it engine again towards the 2.97 goal.

1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD -  Formed 4R1G ( Bullish Signal)
4) RSI - Going towards 70% ( Undetermined)
5) Sto -  Formed bullish crossover and U Turn towards 50%( Bullish)
6) ADX - strong momentum and bullish
7) Candle Stick - Formed a while candle after Dragon Doji( weak Bullish)
8) Volume Distribution - Selling pressure are pretty intense in the 50-150k  but good buy up in the last hour (Bullish with cautious because some big shark are throwing) 

0 Points

       7 Points


Winner BULL

Symmetrical Triangle Detected

Entry Price 2.68
Take Profit  at 2.75 and 2.97
Support at 2.6

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