Wednesday, 9 November 2011

Case Study - TIMECOM

1. Trendline: higher low & higher high (bullish)
2. Candle Stick: rebounce from support ~ 10d MA (bullish)
3. ADX: uptrend with strong momentum (bullish)
4. MACD: signal line above 0 with 4R1G (bullish)
5. RSI: rebounce, pending break out 70% (bullish)
6. Sto: break above 80% with bullish crossover (bullish)
7. volume distribution: high buying pressure (bullish)

conclusion: 7 bull

Position: Long

Entry Price: 0.69
Profit Taking: 0.73, 0.78
Cut Loss: 0.66

1 comment:

  1. I watch big players collecting from last hour sellers each day. it has been going on for a while already. I think the lowest it can go is 0.68-0.69 from fibo rebound. Maybe I should buy back your entry price.