Monday 25 July 2011

Case Study - TDM


1. Trendline : Uptrend (Bullish)
2. Candle Stick : Hanging man -- potentially bearish reversal (Bearish)
3. ADX: uptrend with high momentum (Bullish)
4. MACD : Trending up (Bullish)
5. RSI : Crossing above 70% (Bullish)
6. Stochastic: Above 80% (Bullish)
7. Volume Distribution: Shark is distributing while small & medium retailer are collecting. Beware! (Bearish)



Conclusion: 5 Bull 2 Bear

Entry Price: 3.13
Profit Taking: 3.17, 3.25, 3.33
Cut Loss: 2.99

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