Supermax is it on discount price..

Will the lower profit from Top Glove will impact SuperMax performance too. Let look at the chart and analyze it

Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher high  - (Bullish)
3) MACD -Bullish because blue above the red (Bullish). Awaiting for 4R1G for extra boost
4) RSI -  Cut below 70% (Bearish) -
5) Sto - Formed Bearish Crossover and hovering above 50% (Bearish)
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -Inverted Hammer (Bullish)
8 Volume Distribution - Higher Buying Pressure ( Bullish)



 

2Points

      6 Points

Winner BULL

Entry Price 2.97

Resistance at 3.23 and 3.5

Support a 2.71

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Dow Jones on 10 October

Everybody must be wonder why Dow Jones will turn red after a nice week of rally and many thinking it is a start of a bull run. Basically there is yet no sign of actual bull run yet..

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Bullish Crossover (Bullish)
4) RSI -  above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 50% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Dark Cloud (Bearish)
8) Global Factor -Europe Fear ( Bearish)
9) VIX - Going up ( Bearish), There might be a rebound in the VIX and which is a reverse proportional with Dow Jones.


 

6Points

      3 Points

Winner Bear ( Throw down wrestling style)

Greece Factor again!!

Winner BULL

WIth good news, let hope Dow Jones will take this opportunity to break the previous high to form higher high to show a strong bull trend

Entry Price 11560

Resistance at 11706 and 11884

Support a 11015,10931 and 10690

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Dow Jones on 4 October

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Dark Cloud (Bearish)
8) Global Factor - German Support Yes for Greece Bailout ( Bullish)
9) USA GDP - 1.3% meet expectation ( Bullish)

4Points

      5 Points

Winner Bear ( Throw down wrestling style)

Greece Factor again!!

Winner BULL

WIth good news, let hope Dow Jones will take this opportunity to break the previous high to form higher high to show a strong bull trend

Entry Price 11560

Resistance at 11706 and 11884

Support a 11015,10931 and 10690

http://edwinextremebullrun.blogspot.com/search/label/FORUM