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Wednesday, May 12, 2010

Inverted Head & Shoulder

    Medco Energi International Tbk (MEDC) 


Chartpattern shares of Medco (MEDC) seems visible form the head & shoulder pattern reversed or inverted Head & Soulder. On 13 April 2010 with the support of a large volume of price broke through the resistance (Bullish Breakout), inverted head & shoulder pattern is a reversal pattern which has a high level of reliability reversal. The target price will be reaped in the range 3350 to 3375, stoploss at 2825 levels and entry points at 3050 level.
Disclaimerall of a decision relating to investments either to buy or sell is the responsibility of all investors, traders and individuals, this analysis is only just learning

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