Tuesday, 26 July 2011

Case Study - EPMB


1. Trendline : Downtrend (Bearish)
2. Candle Stick : Long White Body (Bullish)
3. Support : Above L1 line and 20, 50 200 EMA (Bullish)
4. Bollinger Band : Breakout BB Squeeze with volume greater than 30 EMA (Bullishe)
5. ADX : Uptrend with strong momentum (Bullish)
6. MACD : Bullish crossover and pending to cross 0 from bottom (Bullish)
7. RSI : Break 70% (Bullish)
8. Stochastic : Break 80% with bullish crossover (Bullish)
9. Volume Distribution :High buying pressure especially close to market end (Bullish)


Conclusion : 8 Bull 1 Bear

Entry Price; 1.02
Profit Taking: 1.05, 1.11,1.17
Cut Loss : 0.92

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