Monday, 25 July 2011

Case Study - Guh (Monitoring for BB Squeeze Breakout)


1. Trendline : Sideway (Neautral)
2. Candle Stick : Haning Man (Bearish)
3. Bollinger Band : BB Squeue for 1 month, candle start to move above 20 MA for last 2 weeks, window start to open, pending breakout (Bullish)
4. Support: Last candle stick close above 20, 50 & 200 EMA, and close above BB squeue upper band support (Bullish)
5. ADX: Uptrend with weak momentum (Bullish)
6. MACD: Forming round bottom, pending crossing above 0 from bottom (Bullish)
7. RSI: Rebounce above 50% and heading 70% (Bullish)
8. Rebounce from 80% (Bullish)
9. Volume Distribution :High Buying pressure (Bullish)



Conclusioin: 7 Bull 1 Bear 1 Neautral

Entry Price: 1.24
Profit Taking: 1.29, 1.34, 1.38
Cut Loss: 1.19

Remarks: Pending BB breakout confirmation with entry, tp and cut loss as above.

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