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Thursday, June 2, 2011

E&O MACD 4R1G - Confirm of bull run


Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - Finally 4R1G Bullish
4) RSI - waiting to break rebound from 30%
5) Sto - kissing and waiting for bullish crossover
6) ADX - strongmomentum and bullish
7) Candle Stick - Formed spinning top on support
Conclusion
Could be a potential profit counter

Entry Price 1.53
Resistance at 1.6 & 1.65 & 1.81
Support at 1.45

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