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Sunday, 24 January 2010 04:08
Trading Entry and Exit Analysis
NIKKEI


Comment

NIKKEI
There is no clear signal for downside pattern on Nikkei. We advise trader to wait the end of correction to get high probability trading opportunity.


CHART

(Click the picture to open the original size)

System

Astronacci
ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd

Momentum

Daily Bearish oversold oscillator tell us the downside movement should be near completion. However intraday oscillator was performing a bullish reversal, the trend may sideway for the next trading hours.

Pattern

There is no clear high probability pattern, and more than likely forming a downside complex correction.

Price

The end of correction target is around 10.200.

Trading Advises

Ignore short position, wait for the end of correction price then go long when Daily and intraday stochastic 5,3,3 is performing bullish reversal around that price to have an extreme long position.

 


Analyst Certification:
The views expressed in this research report accurately reflect the analyst’s personal views about any and all of the subject securities or issuers; and no part of the research analyst’s compensation was, is, or, will be, directly, indirectlyrelated to the specific recommendations or views expressed in the report.
Stocksforliving Indonesia,Ltd ©2008 All rights reserved. Except as specifically permitted, no part of this presentation may be reproduced or distributed in any manner without the prior written permission of Stocksforliving Indonesia,Ltd.

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Last Updated on Monday, 25 January 2010 04:21
 
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