Monday, 1 August 2011

Case Study - ECM


1. Trendline: Sidway (Neutral)
2. Candle Stick: White long body (Bullish)
3. Bollinger Band: Upper and lower band start to expand (Bullish)
4. Support: Above 20, 50, 200d MA (Bullish)
5. ADX: Uptrend with weak momentum (Bullish)
6. MACD: Bullish Crossover (Bullish)
7. RSI: Rebounce from 50% and touch 70% (Bullish)
8. Stochastic: Break 80% (Bullish)
9. Volume Distribution: High buying pressure (Bullish)


Conclusion: 8 Bull 1 Neutral

Entry Price: 0.94
Profit Taking: 0.98, 0.99
Cut Loss: 0.91

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