Monday 7 November 2011

Case Study - FAVCO


1. Trendline: sideway (neutral)
2. ADX: uptrend with strong momentum (bullish)
3., MACD: signal line above 0 with 4R1G (bullish)
4. RSI: below 70% (neutral)
5. Sto: bullish crossover with signal line rebounce from 50%, pending 80% break out (bullish)
6. volume distribution: high buying pressure (bullish)

Conclusion: 4 bull 2 neutral

Position: Long

Entry Price: 1.12
Profit Taking: 1.18, 1.27
Cut Loss: 0.99

2 comments:

  1. FAVCO move... Congrate on those who are following closely...

    ReplyDelete
  2. Sell half @ 1.27... Keep the rest for next TP 1.30,1.36.

    ReplyDelete