Case Study - Biosensor (SGX) - Symetry Triangle Breakout

Try to analyze SGX stock with TA:

1. Trend Analysis: Uptrend (Bullish)
2. Breakout Symetry Triangle with high volume (above 40d MA) (Bullish)
3. Candle Stick : Spinning top -- Indecisive (pending confirmation)
4. ADX : Good momentum (Bullish)
5. MACD :  Cross 0 from bottom forming a U shape. (Bullish)
6. RSI : Above 50% (Bullish)
7. Stochastic : Bullish kiss over and penetrate above 80% (Bullish)

Conclusion: 6 Bull 1 Neutral 0 Bear

Entry Price: 1.31
Profit Taking: 1.39, 1.46, 1.51
Cut Loss: 1.26

Target Price from sym triangle breakout: 1.53

High High Sapcres High

1. Trend Analysis : Uptrend (Bullish)
2. Higher high and higher low : (Bullish)
3. Candle stick: long white body with great vol -- above 40 days moving average (Bullish)
4. ADX : Uptrend with strong momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Cross 70% (Bullish)
7. Stochastic : Cross 80% (Bullish)

Conclusion: 7 Bull 0 Bear

Entry Price: 4.55
Profit Taking: 4.65, 4.75,4.87
Cut Loss: 4.30

Case Study - GSB

 

1. Trend Analysis: Uptrend (Bullish)
2. Forming higher high and higher low : (Bullish)
3. Bollinge band is expanding: price volatilility increase (Bullish)
4. Volume Distribution : Divergence with recently stock price (Bearish)
5. ADX: Good momentum (Bullish)
6. MACD : Bullish crossover (Bullish)
7. RSI: Above 50% (Bullish)
8. Stochastic: Above 80% (Bullish)

Conclusion: 7 Bull 1 Bear

Entry Price: 0.125
Profit Taking: 0.135, 0.145
Cut Loss: 0.105

RR: 0.5, 1

Case Study - MBSB

Per request from one of the reader to analysis this counter.

1. Trend Analysis : Down trend after forming double peak (Bearish)
2. Break out or Survive from breakdown of double peak with large volume (greater than 40d moving average) (Bullish)
3. Candle Stick: Long White Body (Bullish)
4. ADX: Bullish crossover with good momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Break 50% (Bullish)
7. Stochastic: Bullish Crossover and break 80% (Bullish)

Conclusion: 6 Bull 1 Bear

Entry Price: 1.47
Profit Taking: 1.57, 1.63, 1.71
Cut Loss: 1.30

RR: .59, .94, 1.41

Not so attractive from RR perspective, still many good counter for trading outside. Please trade carefully and for short term + aggressive traders only.

Case Study - MRCB

1. Trend: Consolidation with Symetry Triangble (Side Way)
2. RSI: Break down 30% (Bearish)
3. ADX: Good momentum (Bullish)
4. MACD: Bullish Crossover (Bullish)
5. Stochastic: Bullish Crossover above 50% (Bullish)

Conclusion: 3 B 1 Bear 1 Neautral

Advice: Pending buying signal when breakout above 2.28

Entry Price: 2.30
Profit Taking: 2.39, 2.58
Cut Loss: 2.20