Tuesday 26 July 2011

Case Study - Ramunia


1. Trendline : Downtrend (Bearish)
2. Candle Stick : Long white body (Bullish)
3. ADX : Bullish crossover with strong momentum (Bullish)
4. MACD : Bullish Crossover (Bullish)
5. RSI : Rebounce from 30% to 50% (Bullish)
6. Stochastic :  Bullish crossover with signal line break 50% and heading 80% (Bullish)
7. Volume Distribution : Strong buying force from both Sharks and retailer. (Bullish)




Conclusion : 6 Bull 1 Bear

Entry Price : 0.435
Profit Taking: 0.45, 0.485, 0.51
Cut Loss: 0.39

Remarks: Since this is a downtrend counter, please trade with extra careful. Recommend to set tight cut loss.

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