IXIC - Long-awaited Bull signal
Comment :
1) IXIC has been fall more than 20% since previous peak on 16-Aug, bear signal appear next day from top. And today, it finally shows up Bull signal, indicating a short-term rebound. Short-term supporting price is lowest of 17-Oct that is 10569.69, this point must not be broke else the rebound will be ended.
2) TrendX+ indicator - candleestick moving below red trendline, mid-term downtrend underway.
3) DDX+ indicator - Bull signal shows up, looking forward a short-term long position.
4) MCDX+ indicator - weak, a little of banker bar (red), while retailer bar (turquoise) has occupy more than 50%.
Support & Resistance :
S : 10569.69 +/-
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
1) IXIC has been fall more than 20% since previous peak on 16-Aug, bear signal appear next day from top. And today, it finally shows up Bull signal, indicating a short-term rebound. Short-term supporting price is lowest of 17-Oct that is 10569.69, this point must not be broke else the rebound will be ended.
2) TrendX+ indicator - candleestick moving below red trendline, mid-term downtrend underway.
3) DDX+ indicator - Bull signal shows up, looking forward a short-term long position.
4) MCDX+ indicator - weak, a little of banker bar (red), while retailer bar (turquoise) has occupy more than 50%.
Support & Resistance :
S : 10569.69 +/-
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
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