Sunday 6 November 2011

Case Study - SACPRES


1. Trendline: Higher high & higher low - uptrend (Bullish)
2. ADX: Uptrend with strong momentum (Bullish)
3. MACD: Signal line above 0, pending for 4R1G (bullish)
4. RSI rebounce, pending crossing 70% (Bullish)
5. Sto: Bullish crossover with signal line break over 80% (Bullish)
6. Volume Distribution: High buying pressure (Bullish)


Conclusion : 6 Bull 0 Bear

Position: Long

Entry Price: 4.21
Profit Taking: 4.28, 4.37, 4.51
Cut Loss: 4.04

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