This is high risk and for quick cash ( Counter Trend Strategy)
Observation
1) Trendline - Downtrend ( Bearish)
2) Formed lower low- Bearish
3) MACD - 4R1G ( Bullish Reversal)
4) RSI - Still below 30% , waiting for break out
5) Sto - Bullish crossover and above 20% ( Bullish)
6) ADX - weak momentum and bullish
7) Candle Stick - Spinning top
Conclusion
Take Profit at 20d MA or next Resistance
Take Profit at 1.61 and next at 1.68
Support at 1.49
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
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