Tuesday 2 August 2011

Case Study - Tchong


1. Trendline: Uptrend (Bullish)
2. Bollinger Band : Widening with moderate volume (Bullish)
3. ADX: Uptrend with big momentum (Bullish)
4. MACD: pending bullish crossover (Bearish)
5. RSI: Rebounce from 50% (Bullish)
6. Stochastic: Above 80% (Bullish)
7. Volume Distribution: High buying force close to market end (Bullish)



Conclusion: 6 Bull 1 Bear

Entry Price: 5.00
Profit Taking: 5.20, 5.29,5.40
Cut Loss: 4.88

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