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Wednesday, July 6, 2011

AMMB finally broke the resistance and moving up


Hey Bankers.. Wait for me... Hope not too late to follow all the bankers to shoot up today hehe. No worries this is AM BANK MAH.!!









Observation
1) Trendline - Uptrend (Bullish)
2) Formed higher high-  (Bullish)
3) MACD -  Bullish Crossover. ( Bullish)
4) RSI - Broke above 70% ( Bullish )
5) Sto -  Formed bullish crossover and broke 80%( Bullish)
6) ADX - weak momentum and Bullish
7) Candle Stick - Bullish Engulfing ( Bullish)
8) Volume Distribution - High Buying pressure  back by Strong Support you know who..( Bullish)



0 Points







       8 Points







Conclusion


Winner BULL!!

Broke the resistance at 6.56 and went up
Entry Price 6.72
Resistance at 7.17
Support at 6.56

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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