Wednesday 9 November 2011

Case Study - INCKEN


1. trendline: uptrend (bullish)
2. cnalde stick: rebounce from support with long white body (bullish)
3. BB: both upper & lower band heading north (bullish)
4. ADX: uptrend with strong momentum (bullish)
5. MACD: signal line above 0 with 4R1G (bullish)
6. RSI: rebounce above 70% (bullish)
7. Sto: breakout 80% with bullish crossover (bullish)
8. volume distribution: high buying pressure (Bullish)


conclusion: 8 bull 0 bear

position: long

entry price: 0.72
profit taking: 0. 77, 0.83
cut loss: 0. 68

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