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Thursday, March 8, 2012

MUHIBAH - Downtrend after lower high detected




With good news from Dow Jones and positive KLSE index today but this counter could not move up.. Something is wrong with htis counter

1) Downtrend line ( Bearish)
2) Lower high  (Bearish)
3) MACD - 4G2R ( Bearish)
4) RSI - Starting to reverse from 50 % ( Bearish)
5) Sto - Bearish Crossover and go below 50% ( Bearish)

Those who are holding this counter better beware

Stop Loss at 1.29
Entry - 1.43  ( If reversal)
Take Profit at 1.55

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