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Thursday, October 13, 2011

BIMB testing the resistance

Today BIMB tested the resistance at 2.09 and shoot up to 2.14 but ended back up at 2.05 after China Data Market was shown.

1) Trendline - Uptrend- (Bullish)
2) Formed higher high- (Bullish)
3) MACD -Bullish because blue above the red (Bullish).
4) RSI -  Cut above 70% (Bullish) -
5) Sto - Still in positive but it is now kissing. (Bullish) Have to wait for the next day trend to see the result
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -Doji after White candle (Bearish)
8 Volume Distribution - Higher Buying Pressure ( Bullish) 


      7 Points

Winner BULL

Entry Price 2.09
Resistance at 2.29 and 2.39
Support a 2

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