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SYF Hanging man Hangingafter a Doji Star

Written By Unknown on Tuesday, 11 September 2012 | 10:09:00 pm

SYF went down to 0.66 and last minute buying pressure pushes it up to 0.7. Today it finally touches 0.705 after trying to touch 0.7 2x but failed to go up higher. Will tomorrow SYF closed at a new high?


Initial big Selldown in the morning but followed by bigger buy up pressure before closing.







  Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
 2)  Support/Resistance - formed Higher Low ( Bullish)
3) MACD - Bearish and let waits for 4R1G to bullish reversal
4) RSI - At Overbought and went up from 70% ( Slightly Bullish
 5) STO - At Overbought mode. Bullish Crossover ( Bullish)
6) Ichimoku -  a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Formed  Hanging Man and waiting  for the candlestick for confirmation

Conclusion:
Bullish
If break above 0.7 and 0.73

Next Resistance at 0.73/0.745 / 0.76 /0.8
Support at 0.645 / 0.62 

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