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, 27 July 2011
Case Study - MRCB
1. Trend Analysis - Sideway trading after in symmetrical triangle in past 6 monyh (Neautral)
2. Form higher high & higher low after breakout from symmetrical trianlge in past 1 month (Bullish)
3. ADX - Storng momentum (Bullish)
4. Bollinger Band : Both upper & lower band are trending up, indication for uptrend (Bullish)
5. Candle Stick: long white body (Bullish)
6. Support : Above 20, 50 & 200 EMA (Bullish)
7. ADX : Uptrend with strong momentum (Bullish)
8. MACD : trending up (Bullish)
9. RSI : Rebounce up from 50%, pending for 70 % breakout (Bullish)
10. Stochastic : Rebounce and break up 80% with bullish crossover (Bullish)
11. Volume Distribution : Strong buying pressure (Bullish)
Conclusion: 10 Bull 1 Neautral
Entry Price: 2.33 on 7/27 or 2.41 thereafter
Profit Taking : 2.52, 2.66
Cut Loss: 2.29
Remarks: Beware of high selling pressure close to market end.
Labels:
MRCB
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