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

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