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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.
Thursday, 28 July 2011
Case Study - DXN (Second Wave)?
Rienne, per your request.
1. Trendline: Uptrend (Bullish)
2. Double bottom (circled with pink) with hammer form on support (1.34), potential bullish reversal pattern -- Bullish
3. Support : Above 20, 30 & 200 EMA (Bullish)
4. Bollinger Band : Lower and upper band trending up, indication for uptrend for shorterm (Bullish)
5.ADX: Uptrend with strong momentu (Bullish)
6. MACD: Above 0 (Bullish)
7. RSI : fluctuating below 70%, pending break above 70% (Neutral)
8. Stochastic: fluctuating between 50% & 80%, pending break above 80% (Neutral)
9. Volume Distribution:
Conclusion: 7 Bull 2 Neutral
Entry Price: 1.42
Profit Taking: 1.47, 1.50, 1.53
Cut Loss: 1.38
Remarks: Beware of head & shoulder pattern if break below 1.34. Also, please wait for confirmation of candlestick on next day before position your trading. Good luck!
Labels:
DXN
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