AI
Thursday, January 21, 2010 11:46:32 PM
Re: RIFIN - Testing Support:
Critical bearish points are:
- RSI signaled a bearish reversal per weakening of rally posted on the 3rd day of January. Now tests 50-line;
- RSI's weakness reflected in price resistance and subsequent decline;
- MACD forming a third lower high in this 12-month chart, providing further credence to RSI's bearish reversal signal;
- ADX's D(+) and D(-) lines crossed over, signaling a bearish reversal.
OVERALL - Leading and lagging indicators are lining up for a strong BEARISH reversal signal:
RIFIN - 12-Mo., Daily Chart:
- Dalcindo
Critical bearish points are:
- RSI signaled a bearish reversal per weakening of rally posted on the 3rd day of January. Now tests 50-line;
- RSI's weakness reflected in price resistance and subsequent decline;
- MACD forming a third lower high in this 12-month chart, providing further credence to RSI's bearish reversal signal;
- ADX's D(+) and D(-) lines crossed over, signaling a bearish reversal.
OVERALL - Leading and lagging indicators are lining up for a strong BEARISH reversal signal:
RIFIN - 12-Mo., Daily Chart:
- Dalcindo
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