Thursday 14 July 2011

TRC in side way trading ... ?


1. Trend Analysis : Sideway Trading (Neutral)
2. Candle Stick: Doji testing resistance 0.685 - pending confirmation (Neutral)
3. ADX: Downtrend with strong momentum (Bearish)
4. MACD: Bearish Crossover (Bearish)
5. RSI: Break below 50% (Bearish)
6. Sto: Rebounce from 20% (Bullish)
7. Volume Distribution Analysis: Selling force is high (Bearish)


Score: 1 Bull 4 Bear 2 Neutral

Remarks: Is is in sideway trading now. 2 strategy could be applied as below:

Sideway trading:
Entry Price: 0.71
Profit Taking: 0.74
Cut Loss: 0.68

Trending Trading: Wait it break previous high or form higher high and higher low before enter
Entry Price: 0.75
Profit Taking: 0.78, 0.81
Cut Loss: 0.72

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