The blog is with intention to enhance and polish your wealth management skills. Let's learn up the skill set to pick up the bull running hot stock for the day... We will discuss it based on TA (Technical Analysis). We will learn to establish a good TP (trading plan) and be disciplined in trading. Most importantly, we could learn from the friend all around the world. This blog is definitely able to provide a platform to TA devourer for in-depth discussion.
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!
Labels:
ALTR
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