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Saturday, July 16, 2011

UEMLAND Crashing Hard

When a stock is crashing it will crash slowly but with global market is bad it will crashing even harder and faster... Poor UEMLAND

1) Trendline - Broke below the uptrend line and going downtrend(Bearish)
2) Formed lower low -  (Bearish)
3) MACD -  Bearish Crossover and below 0 ( Bearish)
4) RSI - Retracing toward 30% ( Bearish). Let wait for a rebound on 30% to play counter trend
5) Sto -  Below 20%( Bearish) Let wait for a break above 20% to play counter trend
6) ADX - low momentum and bearish ( BEarish )
7) Candle Stick - Blank candle after shooting star ( Bearish) 
8) Volume Distribution -  High Selling Pressure ( Bearish)

But based on the daily volume it is starting to retrace which meaning selling pressure could be consolidating and let wait for a bullish reversal to buy it again

8 Points

       0 Points

Winner Bear ( Throw down wrestling style)

This counter is bearish  and let wait for a good bullish reversal by 
B) RSI and STO rebound above the oversold region 
Entry Price  2.69 ( If close on Monday for at least Harami Attack - Bullish Reversal)
Resistance at 2.77 , 2.81 and 2.86
Support at 2.63 , 2.59 and 2.53
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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