Tuesday 8 November 2011

Case Study - SuperMX


1. Trendline: sideway (neutral)
2. Candle stick : rebounce from support ~ 10 ema (bullish)
3. BB: both upper & lower band trending up (bullish)
4. ADX: uptrend with strong momentum (bullish)
5. MACD: signal line above 0, pending 4R1G (bullish)
6. RSI: rebounce above 70% (bullish)
7. Sto: Rebounce and break 80%, pending bullish crossover (bullish)
8. volume distribution: strong buying pressure (bullish)


Conclusion: 7  bull 1 neutral

Posoition: Long

Entry Price: 3.82
Proift Taking: 3.95, 4.13,4.24
Cut Loss: 3. 54

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