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, 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
Labels:
Mitra
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