Sunday 10 July 2011

Case Study - FAVCO


Per King's request as below:

1. Trend Analysis : Uptrend (Bullish)
2. Higher high formed (Bullish)
3. Candle stick: retrace after hitting resistance (Bearish)
4. ADX: Bullish with weak momentum (Bullish)
5. MACD: Bullish
6. RSI : Belwo 30% (Bearsih)
7. Sto: Crossing towards 20% (Bearish)

Conclusion: 4 Bull 3 Bear

Entry Price: 1.53
Profit Taking: 1.63, 1.78
Cut Loss 1.38

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