Sunday 3 July 2011

Case Study - DRBHCOM


1. Trendline: Consolidation - Sideway (Neautral)
2. Sysmetrical Triangle : Small breakout (Pending confirmation on next day)
3. Candle Stick : 3 white body (Bullish)
4. RSI : Weak momentum with bullish crossover (Bullish)
5. MACD : Bullish crossover (Bullish)
6. RSI : Break 50% (Bullish)
7. Stochastic : Tough 80% (Bullish)

Conclusion:  5 Bull 0 Bear

Entry Price: 2.31
Profit Taking: 2.37, 2.49
Cut Loss: 2.15

1 comment:

  1. Too bad she didn't break out per our expectation but rather break down the symmetry triangle. Price down crazy towards next support level ~ 2.19. Next support would be at 2.16 & 2.05. Please execute your cut loss plan per your trading plan if you happen to hold this counter. Remember "Plan your trade and trade your plan"...

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