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.
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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KNM
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