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Sunday, January 23, 2011

Will Mitra able to reach our initial TP at 2.38

Previous mention in the bullish flag breakout our TP is at 2.38



















Observation
1) Trendline- Still above the trend line
2) HH - Form Higher HIgh at 2.09 and retracing
3) MACD- Bullish
4) RSI - Bearish
5) ADX - High momentum and bearish

Conclusion
Continue to hold this counter and take profit/cut loss if break below 1.92.


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