Sunday, 6 November 2011

Case Study - Kencana


1. Trendline: uptrend (Bullish)
2. ADX: uptrend with weak momemtum (bullsih)
3. MACD : signal line above 0 with 4R1G (Bullish)
4. RSI, rebounce, pending break 70% (Bullish)
5. Sto: rebounce, pending break 80% (Bullish)
6. Volume Distribution: high buying pressure (Bullsih)

Conclusion: 6 Bull 0 Bear

Position: Long

Entry Price: 2.74,
profit taking: 2, 84, 2.93
cut loss: 2. 58

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