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The blog is with intention to enhance and polish your wealth management skills. Let's learn up the skill set to pick up the bull running hot stock for the day... We will discuss it based on TA (Technical Analysis). We will learn to establish a good TP (trading plan) and be disciplined in trading. Most importantly, we could learn from the friend all around the world. This blog is definitely able to provide a platform to TA devourer for in-depth discussion.
Monday, 1 August 2011
Case Study - RSAWIT
1. Trendline: Consolidaton & Sidway (Neutral)
2. Bollinger band: squeeze for 2 weeks and start to breakout, both upper and lower band start to widen (Bullish)
3. Candle Stick: White body (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& (Bullish)
8. Stochastic: K line rebounce from 50% and break above 80% (Bullish)
9. Volume Distribution: Strong buying force (Bullish)
Conclusion: 8 Bull 1 Neutral
Entry Price: 2.52,
Profit Taking: 2. 60, 2.75, 2.84
Cut Loss: 2.47
Remarks: Beware of high selling pressure close to market end.
Labels:
RSAWIT
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