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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?

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)


      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
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