The blog is with intention to enhance and polish your wealth management skills. Let's learn up the skill set to pick up the bull running hot stock for the day... We will discuss it based on TA (Technical Analysis). We will learn to establish a good TP (trading plan) and be disciplined in trading. Most importantly, we could learn from the friend all around the world. This blog is definitely able to provide a platform to TA devourer for in-depth discussion.
Friday 28 October 2011
Case Study - CIMB
1. Trendline analysis: higher high & higher low - uptrend (Bullish)
2. 5 EMA cross 10 EMA (Bullish)
3. Bollinger Band: upper band heading north (Bullish)
4. ADX: Uptrend with weak momentum (Bullish)
5. MACD: 4R1G with signal above 0 (Bullish)
6. RSI: Rebounce to 70% (Bullish)
7. Stochastic: Break 80% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)
Conclusion: 8 Bull 0 Bear
Position: Long
Entry Price: 7.5
Profit Taking: 7.98
Cut Loss: 7.11
RR: 1.23
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