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Sunday, July 3, 2011

MAS retracing toward to the support

It is the right time to catch MAS again? Be patient please and wait for it to show a good rebound first on the support.

1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - 4G1R( Bearish) and now let wait for another 4R1G and rebound from the support.
4) RSI -broke below above70%  ( Bearish)
5) Sto - Bearish Crossover and broke below 80% ( Bearish)
6) ADX - strong momentum and Bullish
7) Candle Stick -Inverted hammer on support and potential bullish reversal  (bullish )
8) Volume Distribution - High Selling ( Bearish)

4 Points

      4 Points


Entry Price 1.56 ( At the closing time 4.50pm rebound from support) or break the resistance 1.6
Take Profit  at 1.64 and 1.73
Support at 1.52

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