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 - 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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