Wednesday 16 November 2011

Case Study - MKH


1. Trendline: uptrend (bullish)
2. candle stick: rebounce from support ~1.51 (bullish)
3. BB breakout (bullish)
4. ADX uptrend with strong momentum (bullish)
5. MACD: signal line above 0 with bullish crossover (bullish)
6. RSI: breakout 70% (bullish)
7. Sto: Breakout 80% (bullish)
8. volume distribution: high buying pressure (bullish)


conclusion: 8 bull 0 bear

position: long
entry price: 1.58
profit taking: 1.64, 1.70, 1.76
cut loss: 1. 50

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