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Wednesday, February 29, 2012


Volume starts to rise on WCT and it was going to form 4R1G but at the at 4.50pm  some syndicate threw big lots and sold it at 2.66 to break the signal pattern. This might give the buyer more time to accumulate it tomorrow before it break upwards

Waiting for the MACD 4R1G, Sto and RSI breaking the oversold region.

Muhibah - Reversal Sign Detected

This counter might potential go up after a few good indicators

1) Candlestick - Bullish Engulfing
2) RSI broke 30%
3) Sto Broke 20%
4) MACD 4R1G

Entry price at 1.44
Take Profit at 1.55 and 1.61
Stop loss at 1.3

Tuesday, February 28, 2012

WTI Crude Oil

Information for FX Daily

WTI Crude Oil (NY Close): $108.56 // -1.21 // -1.10%
Prices put in a Bearish Engulfing candlestick pattern below resistance at 110.04, the 61.8% Fibonacci extension, hinting a move lower may be ahead. A break below initial support at 106.70, the 50% Fib extension, exposes the 38.2% level at 103.34. Alternatively, renewed bullish momentum that produces a daily close above resistance exposes the 76.4%Fib at 114.25.
Metals_Prices_Rise_on_ECB_LTRO_Hopes_Crude_Oil_Underperforms_body_Picture_3.png, Metals Prices Rise on ECB LTRO Hopes, Crude Oil Underperforms
Daily Chart - Created Using FXCM Marketscope 2.0

If oil Prices goes down, potentially the Stock Market can take a breather and climb up again.. 

JCY formed black candle after shooting

Shooting Star spotted on 27 Feb and ended with Black Candle on 28 Feb with decreasing volume. Potentially profit taking due to overall KLSE drop. If tonight Dow Jones goes up by 1% and break the 13K resistance line potentially it might kick start the buyers appetite and invest on this counter. After all everybody needs Hard Disk and the Hard Disk price is over priced due the stock disruption caused by Thailand Flood Disaster.

And Finally have internet :)