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Charts with potential for reversal
By Bully The Bear  •  July 12, 2011
Listed out some charts that have the potential to reverse. It's okay to buy when it's expensive, just make sure it's reversing when you buy them.




Noble is showing my favourite setup - breaking downtrend line combined with an impending bullish divergence on macd histogram. I'll look at it when the time is ripe.




** Updated on 12-July after market close:




NOL is dropping too fast. Let's see how it finishes its divergence before deciding on what to do with it. The downtrend line is going to make it hard to rise up, even after its reversal. If I enter this, it'll be a quick one.




I'm always looking to get more of this. The charts show that there's a very high chance of it going down. The question is till where? I'm wiling to get a batch near 1.46, regardless of divergence or not.


It's important that in ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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