Monday, 25 July 2011

Case Study - Ranhill


1. Trendline : Downtrend (Bearish)
2. Candle Stick : White Body (Bullish)
3. ADX: Uptrend with strong momentum (Bullish)
4. MACD: Forming rounding bottom and cross 0 (Bullish)
5. RSI : Rebounce from 70% (Bullish)
6. Stochastic: Rebounce from 80% (Bullish)
7. Volume Distribution : Buy force from retailer is high while big shark is selling. Potential of distribution of SM to retailer. (Bearish)


Conclusion : 5 Bull 2 Bear

Entry Price: 0.73
Profit Taking: 0.75. 0.79, 0.81
Cut Loss: 0.67

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