Friday 28 October 2011

Case Study - Bornoil


1. Trendline: Higher low & higher high - uptrend (Bullish)
2. Candle stick: Rebounce from support (5 EMA, 0.36) with white long body (Bullish)
3. Bollinger Band: Both upper & lower band widening (Bullish)
4. ADX: uptrend with strong momentum (Bullish)
5. MACD: 4R1G with signal line above 0 (Bullish)
6. RSI: Break 70% (Bullish)
7. Stochastic: Break above 80% (Bullish)
8. Volume Distribution: High buying pressure (bullish)



Conclusion: 8 Bull 0 Bear

Position: Long
Entry Price: 0.40 - 0.41
Profit Taking: 0.45, 0.495
Cut Loss: 0. 38

1 comment:

  1. Profit locked @ 0.45....
    Reloaded @ 0.43...
    Let's fly baby...

    ReplyDelete