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Wednesday, August 17, 2011

Bursa



Observation
1) Trendline - Downtrend ( Bearish)
2) Formed lower low ( Bearish)
3) MACD -4R1G ( Bullish)
4) RSI -  Still in bearish mode and waiting for it to break above 30%
5) Sto -  formed bullish crossover and broke the 20% (Bullish)
6) ADX - strong momentum and bearish
7) Candle Stick -Formed a doji after shooting star ( Bearish) 

4 Points







       2 Points







Conclusion


Winner Bear

Entry Price 7.21 ( Need to break the gap down)
Take Profit  at 7.53 and 7.63
Support at 6.6

 
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