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Sunday, April 8, 2012

CBIP pausing around resistance

CBIP attempted to reach the resistance at 2.65 but fell down due to not enough buying power

Last call
Entry price 2.53
Take profit at 2.65 and 2.8
Stop loss at 2.46 and 2.28



1) Still in uptrend
2) Still in higher high ( Bullish)
3) MACD still positive ( Bullish)
4) RSI retrace and testing the support at 70% ( Not confirmed but if break below will indicate bearish)
5) Sto - Bearish Crossover ( Bearish)
6) Candle stick indicating like weak shooting star. If continue with another black candle will indicate a reversal


Entry price 2.53
Take profit at 2.65 and 2.8
Stop loss at 2.46 and 2.28

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