KLSE formed a bullish hammer. Let hope tomorrow KLSE will bull up higher this time with good market sentiment.
Monday, February 28, 2011
Dialog forming HIgher low
Wow for this dialog when will it go up.. Averaging down at 0.19, 0.185, 017 and 0.16 (Total 3500 lots) on the Dialog CC
Observation
1) Trendline - Uptrend ( Bullish)
2) HH - Forming higher low ( Bullish) and supported at 20d Ma Support
3) MACD - Bearish and awaiting for 4R1G signal for Bullish Attack
4) RSI - Retracing toward 50% ( Bearish)
5) Sto - Retracing ( Bearish) and waiting for it to rebound at 50% and formed bullish crossover
6) ADX - Weak momentum but bullish
7) Formed Hammer at 20d moving average ( Bullish)
Conclusion
Support at 2.15 and any lower than this please cut loss
Take Profit - 2.29(R1) and 2.42(R2)
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
CIMB formed a super beautiful bullish hammer.. It is hammer time..
HAMMER TIME -- MC HAMMER.. CIMB HAMMER and Bull Attack haha..
Observation
1) Trend Line - Downtrend ( Bearish)
2) HH- Formed lower low at 8.05 ( Bearish)
3) MACD - Still bearish but the bullish crossover it is getting nearer and awaiting 4R1G. ( Bearish)
4) RSI - Waiting to rebound at 30%
5) ADX - Weak Momentum and bearish
6) Sto - Awaiting Bullish Crossover
7) Candlestick - Formed Bullish Hammer ( Bullish)
Conclusion
Even though we saw the CIMB rebound but to be on the safe side.. Let observed longer
Entry Price - 8.13 (Risky)
8.23 (Safe)
Stop Loss - 8.04
Take Profit - 8.32(R1) and 8.37 (R2) and 8.5 (R3)
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
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