Wednesday 27 July 2011

Case Study - Media


1. Trendline : Consolidation for 2.5 months (Neautral)
2. Bollinger Band : Upper band start to opern which would increase volatility (Bullish)
3. Candle Stick: White Body (Bullish)
4. ADX : Uptrend with moderate momentum (Bullish)
5. MACD : Bullish kissing above 0 (Bullish)
6. RSI : Rebounce from 50%, pending break up 70% (Bullish)
7. Stochastic : Rebounce and break 80% (Bullish)
8. Volume Distribution :Big selling force from big shark at end of market. Overall, both selling and buying force are comparable today. (Neutral)


Conclusion : 6 Bull 2 Neautral

Entry Price : 2.92
Profit Taking : 2. 96, 3.05, 3.15, 3.24, 3.32
Cut Loss : 2.81

Remarks: Please pay extra careful when trade with this counter to prevent in trapping in the sideway.

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