Sunday, 6 November 2011

Case Study - ARMADA

1. Trendline: higher high & higher low - uptrend (Bullish)
2. Candle Stick: rebounce from support (10 ema) (Bullsih)
3. ADX: Uptrend with strong momentum (Bullish)
4. MACD: signal liine above 0 with 4R1G (Bullish)
5. RSI: Rebounce,pending break 70% (Bullish)
6. Sto: Rebounce, pending break 80% (Bullish)
7. Volume Distribution: High selling pressure (Bearish)


Conclusion: 6 Bull 1 Bear

Potiion : Long

Entry Price: 3.82
Profit Taking: 3.91, 4.01, 4.15
Cut Loss: 3.68 / 3.60

2 comments: