Wednesday 13 July 2011

Ulicorp - Pending Symmetry Triangle Breakout


1. Trend : Uptrend (Bullish)
2. Forming higher low (Bullish)
3. ADX :  Uptrend with strong momentum (Bullish)
4. MACD: Potential bullish / bearish crossover 3R1G (Bullish)
5. RSI:  Reverse above 50% (Bullish)
6. Stochastic: Break above 50% (Bullish)
7. Symmetry Triangle Pattern: Pending breakout with volume support (Neautral)
8. Volume Distribution Analysis: Higher selling force (Bearish)


Conclusion: 6 Bull 1 Bear 1 Neautral

Entry price: 1.21
Profit Taking: 1.23,1.31 1.44, 1.52, 1.65 (TP)
Cut Loss: 1.06

Remarks : Enter only when breakout with large volume. Cautious to get into bull trap.

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