Sunday 10 July 2011

Case Study - Ulicorp


1. Trend : Uptrend (Bullish)
2. Forming higher low (Bullish)
3. ADX : Above 40 -- Oversold, +DI is above -DI --> Uptrend with strong momentum (Bullish)
4. MACD: Potential bullish / bearish crossover 4G1R (Bearish)
5. RSI:  Maintained above 50% (Bullish)
6. Stochastic: Break50% with bullish / bearish kissing (Bullish)
7. Symmetry Triangle Pattern: if breakout with TP (1.69)
8. News: ULICORP worth 2.12 per shares...
9. Volume Distribution Analysis: Big sharp is buying close to market end (14:00-15.30 time frame). Sell force are mainly from small retailer.






Conclusion: 7 Bull 1 Bear 1 Neautral

Entry price: 1.23
Profit Taking: 1.31, 1.44, 1.52, 1.67 (TP)
Cut Loss: 1.1

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