Wednesday 27 July 2011

Case Study - Bornoil


1. Trendline : Downtrend (Bearish)
2. Candle Stick : Long white body (Bullish)
3. Bollinger band : Upper & lower band narrowing, pending breakout (Neutral)
4. Support: Above 20, 30 & 200 EMA (Bullish)
5. ADX : Bullish crossover, uptrend with weak momentum (Bullish)
6. MACD : Bullish crossover and breaking 0 (Bullish)
7. RSI: Rebounce from 50% (Bullish)
8. Stochastic: Break 80% (Bullish)
9. Volume Distribution: High buying force (Bullish)



Conclusion: 7 Bull 1 Bear 1 Neutral

Entry Price: 0.460
Profit Taking: 0.50, 0.54, 0.57, 0.62
Cut Loss : 0.44

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