Today the chart show that CIMB have a good potential to have Bullish Breakout. Please see the analyze below for further explaination
Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - 4G1R ( Bearish)
4) RSI - Floating above 70% (Undetermined)
5) Sto - Bearish Crossover and waiting to break 80% ( Bearish)
6) ADX - strong momentum and bullish
7) Candle Stick - Star star ( Undetermined)
8) Chart Pattern = Bullish Flag with volume retracement. This pattern could take several days so just have a watchout on this counter ( Bullish)
8) Volume Distribution - Selling Pressure is high at the last minute ( Bearish)
Conclusion
If on Monday it form a Doji, Bullish Engulfing or Candle, RSI,MACD and STO will provide a positive outlook and high chances to be a higher low
3 Points
4 Points
Conclusion
Winner BULL
Previous Target ( 23 Jun)
Entry Price 8.68Take Profit at 8.79 and 8.96
Support at 8.45
Today new Target ( 1 July)
Entry Price 9.05
Take Profit at 9.4 and 9.5 ( 5% from Bullish Flag Breakout)
Support at 8.8 ( This support if so happen to breakout but fail on the same
day or the following day)
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
No comments:
Post a Comment