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Monday, July 25, 2011

DRBHICOM - BB Breakdown ..


Wow today DRBHICOM finally broke the sideline trend after 1 month sideway... But unfortunately it broke down instead of breakout uptrend..











Observation
1) Trendline - Downtrend (Bearish )
2) Formed lower low-  (Bearish )
3) MACD -  Bearish Crossover and below 0 ( Bearish)
4) RSI - Broke below 30% ( Bearish)
5) Sto -  Formed Bearish crossover and rebound below 80%( Bearish)
6) ADX - super low momentum and bearish( Bearish)
7) Candle Stick - Super Long Black Candle ( Bearish)
8) Volume Distribution - High Selling pressure but back by Strong Support (Bearish)


8 Points







       0 Points




Conclusion
Winner Bear ( Throw down wrestling style)

Brace for impact because this is going to be a hell of a ride.. 
Entry Price 2.01
Resistance at 2.11  and 2.2
Support at 1.87, 1.8 and 1.68
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

1 comment:

  1. AnonymousJuly 27, 2011

    It seems that most sarawak engineering oil and gas company has shoot up today.BIG breaKout at 40 cent

    ReplyDelete

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