Tuesday, 5 July 2011

Case Study - Mitra (Counter Trend)


Counter Trend Strategy:

1. MACD: 4R1G (Bullish)
2. Stochastic: Break 20% (Bullish)
3. RSI: Below 30% (Bearish) -- Oversold Region

Conclusion: High probability to pull back to 20d MA with ~ 11%

Entry Price: 0.685
Target Price: 0.755
Cut Loss: 0.64

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