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Saturday, June 25, 2011

Air Asia boom up after 17B order deal!!






Yahoo.. Air Asia went up again.. Looks like everybody sure frantically shouting YES!!!! YES!!!













Observation
1) Trendline - Uptrend( Bullish)
2) Formed higher high- ( Bullish)
3) MACD -4R1G ( Bullish )
4) RSI - Broke above 70% ( Bullish )
5) Sto - formed bullish crossover and waiting to break 80% (Bullish )
6) ADX - goog momentum and bullish
7) Candle Stick - Bullish Engulfing ( Bullish)
8) Volume Distribution - Selling Pressure is more during the last hour by big sharks (Bearish)





1 Points







       7 Points







Conclusion


Winner BULL

Looks good with 4R1G but be cautious because there selling pressure is high.

Entry Price 3.35
Take Profit  at 3.4 and 3.44
Support at 3.25

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)


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