1. Long Term Trendline: Downtrend (Bearish)
2. Higher low and higher high (Bullish)
3. Candle Stick: Shooting Star - pending confirmation (Bearish)
4. Support : Above 20, 50, 200 EMA (Bullish)
5. ADX: Uptrend with strong momentum (Bullish)
6. MACD : Bullish Crossover (Bullish)
7. RSI : Rebounce and heading 70% (Bullish)
8. Stochastic: Rebounce down from 80% (Bearish)
9. Volume Distribution : Buying force from retailer is big while big shark is dumping their share (Bearish)
Conlclusion: 5 Bull 4 Bear
Entry Price: 1.08
Profit Taking: 1.11, 1.15, 1.21
Cut Loss: 1.00
Remarks: Since shooting star formed today, it is advisable to wait for confirmation on subsequent day before position your trading. Also, Big shark is dumping their share, beware of getting caught in high price.
Selling force coming...
ReplyDeleteTake profit at 11% and continue to hold no dumping signal from sharks.