Monday 11 July 2011

Case Study - FBM KLCI retracement in place?


1. Trendline: Uptrend (Bullish)
2. Higher high & higher low: (Bullish)
3. ADX:Uptrnd with good momentum (Bullish)
4. MACD: Trending up (Bullish)
5. RSI: Above 70% (Bullish)
6. Sto: Bearish crossover and break below 80% (Bearish)

Conclusion: 5 Bull 1 Bear

Entry Price: 1601
Profit Taking: 1609, 1618
Cut Loss: 1581

No comments:

Post a Comment