Monday 25 July 2011

Case Study - Johotin


1. Trend Line: Higher Low (Bullish)
2. Candle Stick: White body (Bullish)
3. ADX: Uptrend with strong momentum (Bullish)
4. MACD: 4R3G with bullish crossover (Bullish)
5. RSI : Drop to 50% (Bearish)
6. Stochastic: Break 80% with bullish crossover (Bullish)
7. Volume Distribution: Strong Buying Force (Bullish)



Conclusion: 6 Bull 1 Bear

Entry Price: 0.94
Profit Taking: 0.99, 1.03, 1.06
Cut Loss: 0.86

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