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

No comments:

Post a Comment