Monday, 24 October 2011

Case Study - MEGB


1. Trenline analysis: sideway (neutral)
2. Candle stick: Long white back (Bullish)
3. BB: Start to break out (Bullish)
4. ADX: Bullish crossover with strong momentum (Bullish)
5. MACD: 4R1G with Signal line approaching 0 (Bullish)
6. RSI: Approaching 70% (Bullish)
7. Stochstic: Break 80% (Bullish)
8. Volume Distribution: Strong buying pressue (Bullish)



Conclusion: 7 Bull 1 Bear

Position (Long)
Entry price: 1. 31
Profit Taking: 1.42, 1.54
Cut Loss: 1.18
RR: 0.85, . 1.77

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