Tuesday 22 November 2011


1. trendline: downtrend (bearish)
2. candle stick: bullish engulfy (bullish)
3. BB squeue, pending breakout (neutral)
4. ADX: downtrend with strong momentum (bearish)
5. MACD: signal line above 0 with 4R1G, pending bullish crossover (bullish)
6. RSI: rebounce from 30%, penidng breakout 50% (bullish)
7. Sto: bullish crossover with signal line breakout 70%, pending breakout 80% (bullish)
8. volume distribution: high selling pressure (bearish)

conclusion: 4 bull 3 bear 1 neutral

position: long
entry price: 2.01
profit taking: 2.05, 2.09, 2.15
cut loss: 1.88

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