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, 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
Labels:
BORNOIL
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