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Wednesday, June 29, 2011

JAKs going up

Jaks shot up with a big white candle and let try to analyze this counter

1) Trendline - Downtrend ( Bearish), it touches the trendline and retrace a little today
2) Formed lower low - ( Bearish)
3) MACD -Formed 4R1G and formed bullish crossover ( Bullish ) and it need to go above 0 to be uptrend
4) RSI -Broke above 70%(  Bullish)
5) Sto - formed bullish crossover and rbreak above 80% (Bullish )
6) ADX - high momentum and bullish surge ( On Red Bull liao fully energized)
7) Candle Stick - Gap up with white candle (Bullish.)
8) Volume Distribution - Buying Pressure is more good  (Bullish)

2 Points

       6 Points


Winner BULL

waiting to break out from 0.66 with high volume
Entry Price 0.68
Resistance 0.74 and 0.77
Support 0.61

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