Wednesday 27 July 2011

Case Study - Hexagon


1. Trendline : Consolidation for 2 months after 'waterfall' downtrend (Neatural)
2. Break symmetrical triangle during consolidation with TP achieved (Bullish)
3. Form higher high & higher low (Bullish)
4. Bollinger Band : Both upper & lower band opening is widen (Bullish)
5. ADX: uptrend with moderate momentum (Bullish)
6. MACD : Forming a round bottom and crossing up 0 (Bullish)
7. RSI : Rebounce up from 70% (Bullish)
8. Stochastic : Rebounce and break 80% with bullish cross over (Bullish)
9. Volume Distribution : Slightly higher buying force (Bullish)


Conclusion : 8 Bull 1 Neautral

Entry Price: 0.305
Profit Taking: 0.335, 0.38
Cut Loss : 0.265

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