Wednesday 27 July 2011

Case Study - Dialog


1. Trendline : Downtrend since 6/2 (Bearish)
2. Break L1 (pink line) resistance with high volume which greated than 30d MA, downtrend stopped, potentiall turn to sideway / uptrend (Bullish)
3. Bollinger Band : Upper & Lower Band is narrowing, sideway (Neutral)
4. Candle stick : Spining top (Neutral)
5. forming higher low (Bullish)
6. ADX : uptrend with moderate momentum (Bullish)
7. MACD : Bullish crossover and pending to form bottom round and cross up 0(Bullish)
8. RSI : touch 50% (Bullish)
9. Stochastic : Break up 80% (Bullish)
10. Volume Distribution : Strong buying force (Bullish)


Conclusion: 7 Bull 1 Bear 2 Neutral

Entry Price: 2.68
Profit Taking : 2.79, 2.86, 2.92
Cut Loss : 2.64

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