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Wednesday, June 1, 2011

Air Asia detected MACD 4R1G - Possible bull run



Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - Formed 4R1G   ( Bullish Reversal)
4) RSI - if rebound above 30% it will be superb
5) Sto - Bullish crossover and need to observe if it have sustain above 80% for 2 week
6) ADX - goodmomentum and bullish
7) Candle Stick -  white candle after hammer ( Bullish)
Conclusion
Could be a potential profit counter


Entry Price 3.07
Resistance at 3.15 & 3.31
Support at 2.96 & 2.82

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