Wednesday 27 July 2011

Case Study - E&O


1. Trendline : Sideway (Neutral)
2. Candle Stick : Long white body (Bullish)
3. Support : Below 20, 50 EMA (Bearish)
4. Bollinger Band : Upper & Lower Band is narrowing, pending breakout (Neutral)
5. ADX: Uptrend with moderate momentum (Bullish)
6. MACD : Bullish kissing, pending breakout by confirmation (Neutral)
7. RSI : Rebounce from 30%, heading 50% (Bullish)
8. Stochastic : Break 50% (Bullish)
9. Volume Distribution : High buying force (Bullish)



Conclusion: 5 Bull 1 Bear 3 Neutral

Entry Price: 1.54
Profit Taking: 1.58, 1.63
Cut Loss 1.50

Remarks: Apply sideway (channel trading) at this momment until it break 1.65 and forming higher low / higher high to ensure the trend has changed to uptrend

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