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Wednesday, June 1, 2011

QSR look potential




Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - 4R1G Bullish
4) RSI - waiting for confirmation rebound above 70%
5) Sto -waiting Bullish crossover and wait to break above 50%
6) ADX - good momentum and bearish
7) Candle Stick -  bullish engulfing ( Bullish)
Conclusion
Could be a potential profit counter


Entry Price 6
Resistance at 6.13 & 6.27
Support at 5.75

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