Monday 1 August 2011

Case Study - GUANCHG


1. Trendline: Consolidation & sideway (Neutral)
2. Bollinge Band: Breakout after squeeze for 2 weeks with volume greater than 30d EMA (Bullish)
3. MACD : Forming bottom round and pending to cross 0 (Bullish)
4. ADX: Uptrend with weak momentum (Bullish)
5. RSI: Rebounce from 50% (Bullish)
6. Stochastic: Bullish crossover with signal line break 80% (Bullish)
7. Volume Distribution: High buying force (Bullish)




Conclusion: 6 Bull 1 Neutral

Entry Price: 2.81
Profit Taking: 2.87, 2.98, 3.06
Cut Loss: 2.72

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