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Sunday, July 17, 2011

BIMB possible another breakout?

Yoon Eun Hye

BIMB has been retracing since the previous bullish march but after analyzing it is currently retracing with retracing volume.. Possible Bull Flag ?

1) Trendline - Uptrend( Bullish)
2) Formed higher high- Bullish
3) MACD -4G1R ( bearish) and let wait for 4R1G and a bullish reversal
4) RSI - rebound toward 70% ( Bullish )
5) Sto -  formed bearish crossover and broke  below 80 % (Bearish)
6) ADX - strong momentum and bullish
7) Candle Stick -Black candle after hammer ( Bearish) let wait for a Harami attack
8) Chart Pattern - Bullish Flag with Volume Retracement ( Potential Bullish Breakout)
9) Volume Distribution - Selling Pressure is very high  (Bearish) but the selling pressure is reducing..

3 Points

       6 Points


Winner BULL
Wait for a Harami Bullish Attack with a Bull Flag Breakout..

Entry Price 2.32
Take Profit  at 2.39, 2.62 and 2.78 ( Breakout Target)
Support at 2.23 ( If Breakout fail)

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  1. drunkvirusJuly 17, 2011

    very Bullish~

  2. Let hope the global market will be positive to support this counter to be bullish and breakout even higher..