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Monday, June 18, 2012

Mudajaya testing resistance

Mudajaya testing resistance



Trend - Moving in between line of 2.83 and 2.52 ( Sideway)
- Having 2 same higher high at 2.83 resistance ( if fail to break it again this might the a double peak)
- Candlestick - Showing bullish piercing ( Bullish)
MACD- 4R1G ( Bullish)
Sto - Bearish Crossover and testing the 50% support
RSI - Broke below and declining to 50% ( Bearish)


Entry Price at 2.85
Stop loss at 2.52
Take Profit at 3.03



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