Tuesday, December 21, 2010

KLSE: CIMB (Buy signal confirmed)


Bullish hammer formed on 21/12/10, and we can see the shadow line touched the 20MA and the trend line I've drawn. The next day, 22/12 it closed above the hammer. This gave us a confirmation for this bullish reversal.

Then, by lookign at the indicators, MACD pointing up and soon MACD will form a green histogram if it form another white candle today.

BULL.

KLSE: UEMLAND (Bullish signal confirmed)




A bullish reversal signal formed on 21/12/10 - hammer. And a confirmation made on 22/12/10 with break out flag + high volume.

And I found this potential form of bottomed head and shoulder. Once it broke out its neckline with high volume. $$$$$$$ coming.

Besides, the MACD histogram turned into green colour from more than 4 red histogram. This shows another reversal from bear to bull.

Lastly, we also can see the stochastic is pointing up.

BULL.