Wednesday, 9 November 2011

Case Study - Tanco


1. Trendline: uptrend (bullish)
2. Candle stick: rebounce from support ~.24 with long white body (bullish)
3. ADX: uptrend with strong momentum (bullish)
4. MACD: signal line above 0 with 3R1G (bullish)
5. RSI: rebounce from 50%, pending breakout 70% (bullish)
6. Sto: rebounce from 50%, pending breakout 80% and bullish crossover (bullish)
7. volume distribution: hihg buying pressure (bullish)


Conlcusion: 7 bull

Position: Long

Entry Price: 0.30
Profit Taking: 0.315, 0.35, 0.38
Cut Loss: 0.285

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