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

1 comment:

  1. Beware and execute your cut loss plan accordingly.
    http://www.theedgemalaysia.com/business/190403-gadang-slips-into-the-red-sees-tougher-year-ahead-.html

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