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.

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