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CSL Formed 4R1G MACD Bullish Reversal

Written By Unknown on Sunday, 9 September 2012 | 6:10:00 pm

CSL Formed 4R1G MACD Bullish Reversal. If CSL can close higher with a long white candlestick this will conclude that it is a bullish reversal + Bullish Continuation





Indicators
- Trendline - Sideline
- Formed Higher high ( Bullish)
- MACD - 4R1G ( Bullish)
- RSI - Rebound at 50% and went up ( Bullish)
- STO - Bullish Crossover and Rebound at 50% % ( Bullish)
  Ichimoku -  a) Price penetrating in the resistance cloud (Slightly Bullish). Let wait for it go above the resistance cloud to remain bullish
                       b) Conversion line above the base line (Bullish).
                       c) Price below the baseline/conversion line ( Bullish)
- Candlestick Pattern - Hammer with a white candle (Bullish Attack)


Result : Bullish
Entry (E) = If close above1.21 (Check price during 4.30pm ~ 4.50pm). Avoid risking to buy in the morning and face downtrend during end of trading.
Stop loss =  1.15
 Take Profit = 1.27/ 1.44


Support at  1.1/ 1.01
Resistance at 1.19 / 1.3/ 1.47
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