Tuesday, 26 July 2011

Case Study - KNM

1. Trenline: Downtrend (Bearish)
2. Candle Stick: spinning top with gap up (Neutral)
3. Bollinger Band : BB squeeze and has sign of break out with news (Bullish)
4. ADX : Uptrend with stronog momentum (Bullish)
5. MACD: Signal line uptrend and slowly forming round bottom (Bullish)
6. RSI : Break 50% and heading 70% (Bullish)
7. Stochastic: Bullish kissing over and break above 50%, pending breaking 80% (Bullish)
8. Volume Distribution: Strong buying pressure (Bullish)

Conclusion: 6 Bull 1 Bear 1 Neautral

Entry Price: 1.94
Profit Taking: 2, 2.14,2.27
Cut Loss: 1.90

Remarks: Since the new has out that causing gap up. Also, selling pressure is high close to end session. Thus, please put extra attention on it.

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