Wednesday, 3 August 2011

Case Study - PJI


1. Trendline: downtrend (Bearish)
2. Candle Stick: White candle (Bullish)
3. Bollingerband: strart to breakout with volume greater than 30 EMA (Bullish)
4. ADX: uptrend with weak momentum (Bullish)
5. MACD: forming bottom round (Bullsih)
6. RSI: Rebounce from 50% (Bullish)
7. Stochastic: Break 80% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)


Conclusion: 7 Bull 1 Bear

Entry Price: 0.185
Profit Taking: 0.195, 0.205,0.23
Cut Loss: 0.17

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