Thursday 28 July 2011

Case Study - Support


1. Trendline: Sideway (Neutral)
2. Bollinger Band: Both upper and lower is squeezing (Neutral)
3. ADX: Bullish crossover with weak momentum (Bullish)
4. MACD: Bullish crossover (Bullish)
5. RSI: Re-bounce from 50% (Bullish)
6. Stochastic: Drop to 80% (Bullish)
7. Volume Distribution: High buying pressure (Bullish)


Conclusion: 5 Bull 2 Neutral

Entry Price: 1.04
Profit Taking: 1.07, 1.13
Cut Loss: 1.01

Remarks: Take note on last minutes big sharks selling force...

No comments:

Post a Comment