Sunday 3 July 2011

Case Study - WCT

1. Trendline: Uptrend (Bullish)
2. Ascending Triangle : Pending breakout or breakdown
3. ADX: Weak Momentum with Bullish kissing (Bullish)
4. MACD: Pending Bullish kiss over (Bearish)
5. RSI: Rebound from 50% (Bullish)
6. Stochastic: Below 30% (Bearish)

Conclusion: 3 Bull 2 Bear

Entry Price: 3.16
Profit Taking: 3.27, 3.38
Cut Loss: 3.05
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2 comments:

  1. XTrader7 July 2011 at 19:57

    WCT can up? Hit the entry price today.

    ReplyDelete
  2. Jessprince10 July 2011 at 03:14

    Dear XTrader,

    You are a little too eager to jump in WCT if you have locked your trading before the closing of the session. We need to learn to be patient in the stock market. Looks like the this round is just a mark up instead of break out. Let's continue to monitor see if breakout will happen not.

    ReplyDelete

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