Thursday 28 July 2011

Case Study - Tanco


1. Trendline: Downtrend (Bearish)
2. Bollinger band : Squeezing and potentially breakout anytime (Neutral)
3. Support : Below 20, 50, 200 EMA (Bearish)
4. Forming higher low (Bullish)
5. Candle Stick : Long white body (Bullish)
6. ADX : Uptrend with bullish crossver, weak momentum (Bullish)
7. MACD : Neutral
8. RSI: Rebounce and touching 50% (Bullish)
9. Stochastic: Bullish kissing with signal line above 80% (Bullish)
10. Volume Distribution: Strong buying force (Bullish)


Conclusion : 6 Bull 2 Bear 2 Neutral

Entry Price : 0.255
Profit Taking : 0.27, 0.30, 0.33
Cut Loss : 0.230

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