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Thursday, May 26, 2011

MHB power



Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - Bullish Crossover ( Bullish)
4) RSI - Broke above 70%
5) Sto -waiting Bullish crossover and going to break above 80%
6) ADX - strong momentum and bullish
7) Candle Stick -  white candle ( Bullish)
Conclusion
Could be a potential profit counter

Entry Price 7.35
Resistance at 7.5 & 7.65
Support at 7.10 

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