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Tuesday, June 14, 2011

PBBANK testing the resistance..


Once this bank break above 13.22 with high volume 13000 lot and above it will shoot up like crazy which another dividen rush on July!!


Observation
1) Trendline - Sideway BBsqueeze ( Breaking the gap bullish)
2) Formed higher low- Bullish
3) MACD - bullish crossover (Bullish)
4) RSI -broke above 50% (bullish)
5) Sto -Broke above 50% and bullish crossover ( Bullish)
6) ADX - HIgh momentum and bullish ( Bulling baby!!)
7) Candle Stick -  bullish engulfing ( Bullish)
Conclusion
Could be a potential profit counter


Entry Price 13.23
Resistance at 13.5 & 13.8
Support at 13


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