Tuesday 26 July 2011

Case Study - Altera


Aunty Lok,

This is for you.

1. Trendline : Downtrend (Bearish)
2. Support : Below 20, 50, 200 EMA (Bearish)
3. ADX : Downtrend with moderate momentum (Bearish)
4. MACD : Cross below 0 (Bearish)
5. RSI : Cross below 30% (Bearish)
6. Stochastic: Below 50% (Bearish)

Conclusion : 6 Bear 0  Bull

Remarks: Short or medium term, this counter is in downtrend / sideway. It needs to break the pink (L1) line and form higher low or higher high in order to go bullish again. So, sell if you can't wait for it!

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