Wednesday, 9 November 2011

Case Study - MPHB


1. trendline: uptrend (bullish)
2. candle stick: rebounce on support ~ 10 MA with long white candle (bullish)
3. BB: both upper & lower band widening (bullish)
4. ADX: uptrend with weak momentum (bullish)
5. MACD: signal line above 0 with 4R1G (bullish)
6. RSI: rebounce above 50%, pending 70% breakout (bulliish)
7. Sto: rebounce above 50%, with bullish crossover, pending 80% breakout (bullish)
8. volume distribution: high selling pressure (bearish)


conclusion: 7 bull 1 bear

position: long

entry price: 2.70
profit taking: 2. 80, 2.90. 2.96
cut loss: 2.61

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