Thursday 17 November 2011

Case Study - FARMBES



1. Trendline: uptrend (bullish)
2. Candle stick : bullish engulfy (bullish)
3. BB breakout (bullish)
4. ADX: uptrend with weak momentum (bullish)
5. MACD: signal line above 0 (bullish)
6. RSI: rebounce, pending 70% breakout (neutral)
7. Sto: rebounce, pending 80% breakout & bullish crossover (neutral)
8. volume distributioin: high buying pressure (bullish)


conclusion: 6 bull 2 neutral

positioin: long
entry price: 0.84
profit taking: 0.86, 0.91
cut loss: 0.80

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