Thursday 28 July 2011

Case Study - Olympia


1. Trendline : Sideway (Neutral)
2. Bollinger Band: Breakout with high volume (Bullish)
3. Candle Stick : Long white body (Bullish)
4. ADX: Uptrend with weak momentum (Bullish)
5. MACD : forming bottom round and crossing 0 (Bullish)
6. RSI : Rebounce from 30% (Bullish)
7. Stochastic: Break 80% (Bullish)
8. Volume Distribution: High buying pressure when close to market end (Bullish)


Conclusion: 7 Bull 1 Neutral

Entry Price: 0.325
Profit Taking: 0.36, 0.41, 0.465
Cut Loss: 0.29

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