Observation
1) Trendline - Uptrend ( bullish)
2) Formed same low - Undetermined and it could potentially be a double bottom..
3) MACD - 4R1G ( Bullish Reversal)
4) RSI -broke below 50% (bearish) - Let hope today it will break out from 50% to conclude a bullish reversal
5) Sto - formed bearish crossover and heading towards 20% ( Bearish) Let hope today it will rebound from 20% to conclude a bullish reversal
6) ADX - HIgh momentum and bullish ( Bullish)
7) Candle Stick - White candle after inverted hammer - ( Bullish) .
8) Chart Pattern - Small double bottom at the support of 0.48
2 Points
4 Points
Conclusion
Winner BULL!!
Rebound and going up
Entry Price 0.51
Resistance at 0.54 , 0.57 and 0.6
Support at 0.48 ( Stop loss at 0.46)
Support at 0.48 ( Stop loss at 0.46)
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
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