Google Ad Choice

Sunday, July 3, 2011

GPACKET hanging below the resistance



This counter has loses steam after the good news in China and will GPACKET overcome and rev up its bull engine and start on another bull journey?








Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - Bearish Crossover ( Bearish)  and let wait for a 4R1G for bullish reversal
4) RSI -Broke Below 70%  ( Bearish)
5) Sto - Broke below 80% and formed bearish crossover ( Bearish)
6) ADX - Strong momentum and momentum ( Super BULL)
7) Candle Stick -Formed White Candle (slight bullish )
8) Volume Distribution - High buying with high volume from the retail investor ( Bullish)






  3 Points



         5Points







Conclusion


Winner BULL

Let hope tomorrow go up north and close above 0.85

Entry Price 0.85 above 10K lots ( REACHED)
Resistance at 0.94  & 0.99
Support at 0.80




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

http://edwinextremebullrun.blogspot.com/search/label/FORUM

No comments:

Post a Comment

NUFFNANG ADS