Wow today DRBHICOM finally broke the sideline trend after 1 month sideway... But unfortunately it broke down instead of breakout uptrend..
Observation
1) Trendline - Downtrend (Bearish )
2) Formed lower low- (Bearish )
3) MACD - Bearish Crossover and below 0 ( Bearish)
4) RSI - Broke below 30% ( Bearish)
5) Sto - Formed Bearish crossover and rebound below 80%( Bearish)
6) ADX - super low momentum and bearish( Bearish)
7) Candle Stick - Super Long Black Candle ( Bearish)
8) Volume Distribution - High Selling pressure but back by Strong Support (Bearish)
1) Trendline - Downtrend (Bearish )
2) Formed lower low- (Bearish )
3) MACD - Bearish Crossover and below 0 ( Bearish)
4) RSI - Broke below 30% ( Bearish)
5) Sto - Formed Bearish crossover and rebound below 80%( Bearish)
6) ADX - super low momentum and bearish( Bearish)
7) Candle Stick - Super Long Black Candle ( Bearish)
8) Volume Distribution - High Selling pressure but back by Strong Support (Bearish)
8 Points
0 Points
Conclusion
Winner Bear ( Throw down wrestling style)
Brace for impact because this is going to be a hell of a ride..
Brace for impact because this is going to be a hell of a ride..
Entry Price 2.01
Resistance at 2.11 and 2.2
Support at 1.87, 1.8 and 1.68
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
It seems that most sarawak engineering oil and gas company has shoot up today.BIG breaKout at 40 cent
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