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Wednesday, February 9, 2011

KFC Crash Landing after formed lower high



Will KFC survived this time after forming lower higher unexpectedly















Observation
1) Trend Line - Downtrend ( Bearish
2) HH - Formed Lower high at 3.59 and Retracing again ( Bearish)
3) MACD - Bearish but histrogram green ( Slight Bearish)
4) RSI - Still at oversold region ( Bearish)
5) ADX = Momentum building up but Bearish



Conclusion
Formed lower high unexpectedly low at 3.59

Stop loss at 3.45


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