Friday, 28 October 2011

Case Study - Benalec

1. Trendline: Higher low & higher high (Bullish)
2. Candle Stick: Rebounce from support 1.23 with white long body (Bullish)
3. Bollinger Band: Both upper & lower band widening (Bullish)
4. ADX: uptrend with strong momentum (Bullish)
5. MACD: 4R1G (Bullish)
6. RSI: Cross above 70% (Bullish)
7. Stochastic: Cross above 80% (Bullish)
8. Volume Distribution: Stong buying pressure (Bullish)

Conclusion: 8 Bull 0 Bear

Position: Long
Entry Price: 1.30
Profit Taking: 1.36, 1.40
Cut Loss: 1.21


  1. this seems to be a wrong call

  2. The call is derived based on the chart... We shall plan and trade accordingly. Nobody ll know until the criteria is met later.... :)

  3. Seems chart never lie... :P
    Execute your trading plan accordingly...
    Good luck!!!

  4. I'ved done my trade at 1.40. Those who are still keep her with you. Next profit taking target would be 1.45 & 1.48.
    Good luck!