Monday 4 July 2011

Case Study - Dayang

1. Trend Analysis : Sideway (Consolidation)
2. Symetry Tringale breakout with strong supporting back trace to Nov'10 and continue slow ace of trending up (Bullish)
3. Bolinger Band Squeeze within 2.02~2.1 - pending breakout
4. ADX: Good momentum trending up (Bullish)
5. MACD: 4R1G & pending bullish crossover (Bullish)
6. RSI: Touch 50% (Bearish but turning to bullish)
7. Stochastic: Below 50% (Bearish)
8. Candle Stick: Forming doji at support (#2 above) --> Indecisive in market

Conclusion: 3 Bull 2 Bear 3 Neutral (Pending for BB Breakout)

Entry Price : 2.11
Profit Taking : 2.16, 2.34 (Target Price)
Cut Loss : 2.00

Reward to Risk ratio:  2.1

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