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Sunday, March 25, 2012

Mudajaya testing support line

Hope that everybody profit from this counter at the previous buy call at 2.95 :) and those who miss it, there is a second chance for this counter

1) Uptrend mode - Testing the uptrend line and if break below the uptrend line/ support line which is at 2.95 then we might see a reverse effect to retrace bearishly
2) Higher high and now waiting for the higher low confirmation
3) MACD - Bearish Crossover and waiting for the 4R1G signal to go in.
4) RSI - Retracing and formed a lower high ( Bearish)
5) STO - Bearish and broke below 50%

Previous Call
Entry Price at 3.1
Stop loss at 3
Take Profit at 3.32

New Call
Entry Price at 3.
Stop loss at 3
Take Profit at 3.28

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