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Saturday, July 9, 2011

AMMB testing the new support

Well isn't this quote quite impressive and showing a strong commit. Will they succeed and together make the stock prices to go up this year..

1) Trendline - Uptrend (Bullish)
2) Formed higher high-  (Bullish)
3) MACD -  Uptrend( Bullish)
4) RSI - Broke above 70% ( Bullish )
5) Sto -  Formed bullish crossover and broke 80%( Bullish)
6) ADX - strong momentum and Bullish ( This is a good indicator to push it to the next resistance)
7) Candle Stick - Hanging man ( Bearish)
8) Volume Distribution - High Selling pressure but back by Strong Support (Bearish)

2 Points

       6 Points


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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