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.
Wednesday, 6 July 2011
Case Study - Biosensor (SGX) - Symetry Triangle Breakout
Try to analyze SGX stock with TA:
1. Trend Analysis: Uptrend (Bullish)
2. Breakout Symetry Triangle with high volume (above 40d MA) (Bullish)
3. Candle Stick : Spinning top -- Indecisive (pending confirmation)
4. ADX : Good momentum (Bullish)
5. MACD : Cross 0 from bottom forming a U shape. (Bullish)
6. RSI : Above 50% (Bullish)
7. Stochastic : Bullish kiss over and penetrate above 80% (Bullish)
Conclusion: 6 Bull 1 Neutral 0 Bear
Entry Price: 1.31
Profit Taking: 1.39, 1.46, 1.51
Cut Loss: 1.26
Target Price from sym triangle breakout: 1.53
Labels:
BIOSENSOR
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