Thursday 28 July 2011

Case Study - Bertam


1. Trendline: Sideway (Neutral)
2. Bollinger Band : BB breakout with volume after 2 weeks squeezed, both upper and lower band are widening which increase the volatility of price (Bullish)
3. Candle stick: white long body (Bullish)
4. ADX: uptrend with weak momentum (Bullish)
5. MACD: Forming bottom round and approaching 0 (Bullish)
6. RSI : Touch 70% (Bullish)
7. Stochastic: Rebounce and above 80% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)



Conclusion: 7 Bull 1 Neutral

Entry Price: 0.785
Profit Taking: 0.82, 0.87, 0.91
Cut Loss: 0.74

Remarks: Beware of false breakout as high selling pressure by Sharks close to market end.

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