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.