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Saturday, July 23, 2011

BIMB Testing the Resistance again for another breakout.

After i got burn in the BIMB CA on Monday where it hit to the lowest to 0.33 and now it shot back up to 0.46 ( 40% increase) after the Good market sentiment on Thursday and Friday.

Let have a look at BIMB and see how this counter is doing

1) Trendline - Uptrend( Bullish)
2) Formed higher low on the 20d MA support- Bullish
3) MACD -4R1G ( Bullish)
4) RSI - HEading toward 70% ( Bullish )
5) Sto -  formed bearish crossover and rebound on 50% (Bullish)
6) ADX - strong momentum and bullish
7) Candle Stick -White Candle 2x after harami attack on the 20D support line ( Bullish )
8) Volume Distribution - Strong Buying Pressure is very high  (Bullish )
0 Points

       8 Points


Winner BULL

Entry Price 2.41
Take Profit  at 2.62 and 2.78
Support at 2.28

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

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