Tuesday 2 August 2011

Case Study - Tasco


1. Trendline : Sideway (Neutral)
2. Candle Stick: Long white body (Bullish)
3. Bollinger Band: Breakout with volume greater than 30d EMA (Bullish)
4. Support: Above 20, 50, 200d MA (Bullish)
5. ADX: Uptrend with moderate momentum (Bullish)
6. MACD: 4R2G with signal line cross 0 (Bullish)
7. RSI: Rebounce and touch 70% (Bullish)
8. Stochastic: Bullish kissover with signal line breaking 80% (Bullish)
9. Volume Distribution: Higher buying pressue (Bullish)


Conclusion: 8 Bull 1 Neutral

Entry Price: 1.66
Profit Taking: 1.70, 1.76,1.80(TP)
Cut Loss: 1.63

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