Monday 31 October 2011

Case Study - MBSB


1. Trendline: higher high & higher low (bullish)
2. Candle Stick: Rebounce from support ~ 1.70 with White long body (Bullish)
3. Bollinger Band: Both lower & upper band heading north (Bullish)
4. ADX: uptrend with strong momentum (bullish)
5. MACD: above 0 (bullish)
6. RSI: Cross over 70% (Bullish)
7. Sto: Above 80% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)


Conclusion: 8 Bull 0 Bear

Position: Long

Entry Price: 1.74~ 1.77
Profit Taking: 1.81, 1.89, 1.95
Cut Loss: 1.68

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