Thursday 17 November 2011

Case Study - BSTEAD


1. Trendline: sideway (neutral)
2. BB, pending breakout (neutral)
3. ADX: uptrend with moderate momentum (bullish)
4. MACD: 4R1G with signal line above 0 (bullish)
5. RSI: brekout 50%, pending 70% breakout (neutral)
6. Sto: rebounce, pending 50 & 80% breakout, bullish crossover (bullish)
7. volume distribution: high buying pressure (bullish)


conclusion: 4 bull 3 neutral

position: long
entry price: 5.50 (aggressive trader) 5.60
profit taking: 5.71, 5.91, 6.10
cut loss: 5.46

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