Case Study - Ivory

1. Trendline: Higher low (Bullish)
2. Candle Stick: White Body (Bullish)
3. ADX: Uptrend with strong momentum (Bullish)
4. MACD: 4R1G + Bullish Kissing -- pending bulish crossover confirmation (Bullish)
5. RSI : Rebounce from 50% (Bullish)
6. Stochastic: Rebouce from 30% and pending to cross 80% + Bullish kissing -- pending bullish kissing over (Bullish)
7. Volume Distribution:  Strong buying force (Bullish)

Conclusion: 7 Bull 0 Bear

Entry Price: 1.21
Profit Taking: 1.23, 1.28, 1.36
Cut Loss: 1.14

Bursa Daily Trade Statistic - 7/15/2011

Bursa Malaysia down 5.64 points (0.4%) at initial, later re-bounce at support ~1575 as expected. At the end of the day, it closed at 1577.25 which drop ~ 0.2%. In another word, it fluctuated around the support. Let's zoom in to the daily trade statistics analysis to have a peep on the key players contribution to this.

From the daily trade analysis, it is obviously observed that foreign investor is the net buyer. Local retailers showing the net buy for the first days since 2 months ago. This is a good indicator that the investor as well as local retailers having regain confident on the market and slowly to come back to buy.

With the observation above, we are predicting the market is going to go HOT soon after the correction. Let's continue to collects more on your favorite potential / undervalue stock to. It is still under GREAT discount now!

Observation: 

Market buying atmosphere temperature is getting HOT!

Summary: 

Market correction is likely to be end soon. Another bull wave is coming!!!






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