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The blog is with intention to enhance and polish your wealth management skills. Let's learn up the skill set to pick up the bull running hot stock for the day... We will discuss it based on TA (Technical Analysis). We will learn to establish a good TP (trading plan) and be disciplined in trading. Most importantly, we could learn from the friend all around the world. This blog is definitely able to provide a platform to TA devourer for in-depth discussion.
Wednesday, 27 July 2011
Case Study - KKB
1. Trendline : Sideway since breakdown from symmetrical triangle on 5/16. (Neautral)
2. Resistance & Support : Support line,L1 as indicated as pink color has been the resistance (tested on 5/16, 6/30, 7/8 & 7/11 respectively) since then. Break L1 line with high volume on 7/27 (Bullish)
3. Bollinger Band: Both upper & lower band are widen indicating the begining of price volatilify, since is breakout , thus proability of price moving upward is increasing. (Bullish)
4. Candle Stick: White long body (Bullish)
5. ADX : Uptrend with strong momentum (Bullish)
6. MACD : Bullish crossover with 4R1G above 0 (Bullish)
7. RSI : Rebounce and break up 50% (Bullish)
8. Stochastic: Rebounce and breakout 80% with bullish crossover (Bullish)
9. Volume Distribution : Strong buying pressure whole day long (Bullish)
Conclusion 8 Bull 1 Neautral
Entry Price : 1.99
Profit Taking: 2.02, 2.10, 2.19
Cut Loss : 1.95
Labels:
KKB
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