I do mainly technical analysis on SGX and KLSE and very little on HKSE.
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.
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