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Saturday, July 16, 2011

AMMB Red Alert.. Downtrend..

We wish this girl was wearing Red to support today football match between Liverpool and Malaysia in Bukit Jalli Malaysia but today she is symbolizing Red Alert !!! for the Red AMMB.. Previous was an uptrend but it hit the resistance and sank down...

1) Trendline - Downtrend (Bearish)
2) Formed lower low-  (Bearish)
3) MACD -  4G1R and Bearish Crossover ( Bearish)
4) RSI - Broke below 50% ( Bearish)
5) Sto -  Formed bearish crossover and Broke below 20% ( Bearish)
6) ADX - weak momentum and Bearish
7) Candle Stick - 3 black candles ( Bearish)
8) Volume Distribution - High Selling pressure but back by Strong Support (Bearish)

8 Points

       0 Points

Winner Bear ( Throw down wrestling style)

It hit the resistance at 6.7 and then break the support at 6.56 and dive down...
Entry Price 6.57
Resistance at 6.7
Support at 6.39, 6.28  and 6.02
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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