Monday 7 November 2011

Case Study - CIHLDG


1. Trendline: sideway (neutral)
2. ADX: uptrend with strong momentum (bullish)
3. MACD: bearish kiss over, pending 4R1G (bearish)
4. RSI, rebounce, pending break over 70% (Bullish)
5. Sto: rebounce from 50%, pending 80% breakout & bullish crossover (bullish)
6. volume distribution:high selling pressure (bearish )

conclusion: 3 bull 2 bear 1 neutral

position: long

entry price: 4.91
profit taking: 5.08, 5.19
cut loss: 4.69

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