Wednesday, 2 November 2011

Case Study - MRCB


1. Trendline: higher high & higher low - uptrend (bullish)
2. Candle Stick: Bullish engulfy rebounce from support ~ 20 ema (Bullish)
3. MACD: Signal line above 0 (Bullish)
4. RSI: pending rebounce to 70% (Neutral)
5.Sto: Rebounce from 50% (Bullish)
6. ADX: Trending down (Bearish)
7. Volume Distribution: High buying pressure (Bullish)


Conclusion: 5 Bull 1 Bear 1 Neutral

Position : Long

Entry Price: 2.0 (above 100 ema)
profit taking: 2.18, 2. 28
Cut Loss: 1.9

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