Sunday 6 November 2011

Case Study - LATEXX


1. Trendline: Uptrend (Bullish)
2. ADX: uptrend with strong momentum (Bullish)
3. MACD: signal line above 0, pending 4R1G (Bullish)
4. RSI: Break above 70% (Bullish)
5. Sto: Break above 80% (Bullish)
6. Volume Distribution: high selling pressure (Bearish)

Conclusion: 5 Bull 1 Bear

Position : Long

Entry Price: 1.91
Profit Taking: 1.99, 2.13
Cut Loss: 1.73

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