Tuesday, 26 July 2011

Case Study - GENM


1. Trendline : Sideway (Neautral)
2. Candle Stick : Hanging man -- potential bearish reversal, pending confirmation on subsequent day (Bearish)
3. Support: Above 20, 50, 200 EMA (Bullish)
4. ADX : Uptrend with moderate momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Drop to 50% (Bearish)
7. Stochastic: Above 50%, pending to break 80% (Bullish)
8. Volume Distribution: Selling force is high (Bearish)




Conclusion: 4 Bull 3 Bear 1 Neautral

Entry Price: 3.82
Profit Taking: 3.85, 3.91, 3.98
Cut Loss: 3.70

Remarks : Beware to be trap to be another sideways, high selling pressure. Avoid this counter if possible.

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