Wednesday 13 July 2011

Air Asia Rebounce from support after forming 3 hammer


1. Trend Analysis : Uptrend (Bulliish)
2. Form hihge low and higher high: (Bullish)
3. Candle Stick Analysis: White candle after 3 hammer on support - strong bullish reversal (Bullish)
4. ADX: Uptrend with good momentum (Bullish)
5. MACD: 4R1G (Bullish)
6. RSI:  Break above 70% (Bullish)
7. Sto: Bullish crossover above 50% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)



Conclusion: 8 Bull 0 Bear

Entry price: 3.52
Profit Taking: 3.63, 3.87, 4.04
Cut Loss: 3.44

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