Wednesday 6 July 2011

Case Study - GSB


1. Trend Analysis: Uptrend (Bullish)
2. Forming higher high and higher low : (Bullish)
3. Bollinge band is expanding: price volatilility increase (Bullish)
4. Volume Distribution : Divergence with recently stock price (Bearish)
5. ADX: Good momentum (Bullish)
6. MACD : Bullish crossover (Bullish)
7. RSI: Above 50% (Bullish)
8. Stochastic: Above 80% (Bullish)

Conclusion: 7 Bull 1 Bear

Entry Price: 0.125
Profit Taking: 0.135, 0.145
Cut Loss: 0.105

RR: 0.5, 1

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