Case Study - Ulicorp (Potential Symmetry Triangle Breakout)

1. Trend : Uptrend (Bullish)
2. Forming higher low (Bullish)
3. ADX :  Uptrend with strong momentum (Bullish)
4. MACD: Bullish crossover (Bullish)
5. RSI:  Pending crossover 70% (Neautral)
6. Stochastic: Cross below 80% (Bearish)
7. Symmetry Triangle Pattern: Breakout without volume support -- might potentially false breakout (small bull)
8. Bollinger Band: Uptrend for shorterm (Bullish)
9. Candle Stick : Shooting Star Formation, potential bearish reversal -- pending confirmatioon (Bearish)
10. Volume Distribution Analysis: High buying force (Bullish)

 
Conclusion: 7 Bull 1 Neautral 2 Bear

Entry price: 1.25
Profit Taking: 1.40, 1.58
Cut Loss: 1.06

Remarks: Candle stick form a shooting star during uptrend and at high. Potential bearish reversal. Make you position after confirmation.