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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