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, 6 July 2011
Case Study - MBSB
Per request from one of the reader to analysis this counter.
1. Trend Analysis : Down trend after forming double peak (Bearish)
2. Break out or Survive from breakdown of double peak with large volume (greater than 40d moving average) (Bullish)
3. Candle Stick: Long White Body (Bullish)
4. ADX: Bullish crossover with good momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Break 50% (Bullish)
7. Stochastic: Bullish Crossover and break 80% (Bullish)
Conclusion: 6 Bull 1 Bear
Entry Price: 1.47
Profit Taking: 1.57, 1.63, 1.71
Cut Loss: 1.30
RR: .59, .94, 1.41
Not so attractive from RR perspective, still many good counter for trading outside. Please trade carefully and for short term + aggressive traders only.
Labels:
MBSB
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