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Wednesday, July 20, 2011

Gamuda on the rebound?



Good Market Sentiment, more buyers than sellers to have bargain sale on Gamuda while stocks last :)










Observation
1) Trendline - Downtrend Bearish
2) Formed lower low- Bearish
3) MACD -4R1G ( Bullish)
. 4) RSI -  Went up and rebound at   30% (Bullish)
5) Sto - Bullish Crossover and ready to break above 20% ( Bullish)
6) ADX - strong momentum and Bearish
7) Candle Stick - Bullish Engulfing ( Bullish)
8) Volume Distribution - Buying Pressure is high at the last minute ( Bullish)



3 Points







       5 Points








Conclusion



Winner BULL


Entry Price 3.7
Resistance 3.78, 3.8, 3.85 and 3.97
Support 3.66







Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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