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Sunday, March 6, 2011

Ann Joo - Possible for short term profit



Observation
1) Trend line - Downtrend (Bearish)
2) Formed Lower low - ( Bearish)
3) MACD  - Bearish but formed 4R1G ( Good for counter trend strategy)
4) Sto - Bullish  Crossover ( Bullish))
5) RSI - Testing 30% ( Bullish)
6) ADX - Momentum weak and bearish
7) Candlestick- Bullish Harami ( Bullish)

Conclusion
There is a possible chances of getting small profit but with high risk.. Well investing is already a risk just small or high risk :)

Entry Price - 2.75
Stop loss - 2.6
Take Profit - 2.88 (R1) - 5% and 2.97 (R2) - 8%

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