Thursday 30 June 2011

Case Study - KKB

1. Trendline Analysis: HIgher low - uptrend (Bullish)
2. L2 Line Analysis: Below long term L2 support line -- Potentially resistance (Bearish)
3. Volume Analysis: Above 40d moving average (Bullish)
4. ADX Analysis : Increasing slowly (Bullish)
5. MACD : Cross 0 from bottom (Bullish)
6. RSI:  Above 70% (Bullish)
7. Stochastic: Above 80% (Bullish)
8. Candle Stick: Long white body (Bullish)

Conclusion: Bullish Signal (7 Bull vs 1 Bear)

Entry Price: 1.97
Profit Taking: 2.04, 2.12. 2.2
Cut Loss: 1.89

RR ratio: 0.75, 1.78, 2.93

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