Thursday, 28 July 2011

Case Study - KUB

1. Trendline : Consolidatoin in symmetrical triangle which pending breakout, Sideway (Neutral)
2. Bollinger band: Lower band start to move upward, indication of short term uptrend (Bullish)
3. ADX: Uptrend with weak momentum (Bullish)
4. MACD: Neutral
5. RSI : Rebounce towards 50% (Bullish)
6. Stochastic: Bullish crossover with signal above 80% (Bullish)
7. Volume Distribution: Buying pressure is high close to market end (Bullish)

Conclusion: 5 Bull 2 Neutral

Entry Price: 0.77
Profit Taking: 0.78, 0.81, 0.84
Cut Loss 0.75

Remarks: Only buy when symmetrical triangle breakout with volume support. Also, the breakout should would expand BB and make the price volatile.

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