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Sunday, July 3, 2011

Jaks broke the resistance and roaring up



Well Jaks broke up the resistance at 0.67 and hit our entry price at 0.68.










Observation
1) Trendline - Uptrend ( Bullish)
2) Formed HIgher high- ( Bullish)
3) MACD - formed bullish crossover and heading across 0 level ( Bullish )
4) RSI -Reaching toward 70%(  Undetermined) and break this level will have another super bullish round
5) Sto - formed bullish crossover and break above 80% (Bullish )
6) ADX - high momentum and bullish surge ( Super Bull Run)
7) Candle Stick - 3 White Candle and this is continuation bull (Bullish.)
8) Volume Distribution - Buying Pressure is more good  (Bullish)

0 Points







       7 Points







Conclusion


Winner BULL

Reached our previous entry price and change our new target
Entry Price 0.68
Resistance 0.74 and 0.77  ( Always try to aim 1 - 2 below the Resistance to have higher chances of selling it)

Support 0.66 ( Revised after 0.67 becomes our new support)



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