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Wednesday, September 28, 2011


With this short term bull, BAC starts to hanging on the support and try to turn around to become bullish. Is BAC consider cheap now?











Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Bullish Crossover  and 4R1G (Bullish)
4) RSI - Broke above 30% but retrace slightly (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Dark Cloud (Bearish)






4Points







      3 Points





Winner Bear ( Throw down wrestling style)
 
This counter need to strongly break above the resistance 6.93 for any chances to bull
 Entry Price 6.96
Resistance at 7.49( Gap Down) and 7.91
Support a 6.5
 
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM

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