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.

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