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Wednesday, 27 July 2011
Case Study - Gadang
1. Trendliline Analysis: Consolidation for 1.5 month after long downtrend (Neautral)
2. Bollinger Band : Both upper & lower band opening widen, thus increase price volatility (Bullish)
3. Candle Stick : Long white body (Bullish)
4. ADX : Uptrend with weak momentum (Bullish)
5. MACD : Bullish crossover above 0 (Bullish)
6. RSI : Above 50%, pending break up 70% (Bullish)
7. Stochastic: Rebounce and touch 80% (Bullish)
8. Volume Distribution : High selling pressure by Sharks to retailer, beware (Bearish)
Conclusion: 6 Bull 1 Bear 1 Neautral
Entry Price: 0.715
Profit Taking: 0.735, 0.76, 0.79
Cut Loss: 0.685
Labels:
GADANG
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Beware and execute your cut loss plan accordingly.
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