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Wednesday, July 13, 2011

Zagg Inc Formed 4R1G at MACD.. Bullish Reversal


Zagg Inc has formed a 4R1G and rebound at the support. Time to bull it again..











Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - 4R1G ( Bullish)
4) RSI - Rebound at 50% ( Bullish )
5) Sto -  Rebound at 30%  and going up Bullish)
6) ADX - strong momentum and Bullish
7) Candle Stick - White Candle after Doji( slight bullish)

0 Points







       7 Points







Conclusion


Winner BULL

Rebound from Support based on the FIB retracement level.

Entry Price 13.9
Take Profit  at 15.92
Support at 12.26

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