Friday 9 December 2011

Case Study - Harta


1. Trendline: higher high & higher low - uptrend (bullish)
2. Candle Stick: rebounce at support ~ 5.55 with bullish engulfy (bullish)
3. ADX: uptrend with strong momentum (bullish)
4. MACD: 4R1G with bullsih crossover (bullis)
5. RSI: rebounce from 50%, pending 70% breakout (bullish)
6. Sto: rebounce and breakout 80% with bullish crossover (bullish)
7. Volume Distribution: high selling pressure (bearish)

conclusion: 6 bull 1 bear

position (long)
entry : 5.74
TP: 5.88
cut loss: 5.62

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