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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








Observation
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







Conclusion


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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