Thursday 4 August 2011

Case Study- GENM


1. Trendline: sideway (Neutral)
2. Candle Stick: white body (Bullish)
3. Bollinger Band: Start squeeze, pending breakout (Neutral)
4. ADX: uptrend with weak momentum (Bullish)
5. MACD: downtrend (Bearish)
6. RSI: Rebounce and touch 50% (Bullish)
7. Stochastic: Bulllish crossover with signal break 50% and touch 80% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)


Conclusion: 5 Bull 1 Bear 2 Neutral

Entry Price: 3.82
Profit Taking: 3.91, 3.97,4.05
Cut Loss: 3.70

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