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Thursday, July 21, 2011

YTLPOWER formed a strong hammer




YTLPOWER seen to have formed a nice hammer and let hope today will formed another white candle to proof that it is a nice bullish reversal formed



Observation
1) Trendline - Downtrend Bearish
2) Formed lower low- Bearish
3) MACD -Downtred ( Bearish) and waiting for 4R1G
. 4) RSI -  Went up and touching at   30% (Bullish)
5) Sto - Bullish Crossover and ready to break above 20% ( Bullish)
6) ADX - strong momentum and Bearish
7) Candle Stick - Hammer Detected ( Bullish)
8) Volume Distribution - Buying Pressure is high at the last minute ( Bullish)
4 Points

     4 Points








Conclusion

Winner BULL


Entry Price 2.11
Resistance 2.17 and 2.22
Support 2.05






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1 comment:

  1. AnonymousJuly 22, 2011

    BPURI IF CAN HOLD ABOVE 1.30 WILL likely to retest previous high 1.54. Bpuri currently trading above 200 MOVING AVE..Let see can close above 1.30 or not

    ReplyDelete

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