Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low - (Bearish)
3) MACD -Below 0 but 3R1G (Bullish)
4) RSI - Broke above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and heading toward 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Bullish Doji (Bullish)
3Points
4 Points
Conclusion
Winner Bear ( Throw down wrestling style)
This requires a very cautious play and for day trading
Entry Price 0.25
Resistance at 0.265 and 0.285
Support a 0.23
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
