Monday, 25 July 2011

Case Study - Ivory


1. Trendline: Higher low (Bullish)
2. Candle Stick: White Body (Bullish)
3. ADX: Uptrend with strong momentum (Bullish)
4. MACD: 4R1G + Bullish Kissing -- pending bulish crossover confirmation (Bullish)
5. RSI : Rebounce from 50% (Bullish)
6. Stochastic: Rebouce from 30% and pending to cross 80% + Bullish kissing -- pending bullish kissing over (Bullish)
7. Volume Distribution:  Strong buying force (Bullish)




Conclusion: 7 Bull 0 Bear

Entry Price: 1.21
Profit Taking: 1.23, 1.28, 1.36
Cut Loss: 1.14

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