Thursday 7 July 2011

Case Study - Coastal


1. Trendline: Consolidation - Sideway (Neautral)
2. Support well above 20 & 50 MA. (Bullish)
3. ADX: Bullish with weak momentum (Bearish)
4. MACD: Bullish crossover and touching 0 (Bullish)
5. RSI: Kissing 50% (Bearish)
6. Sto: Bearish crossover? and signal line turned down (Bearish)

Conclusion: COASTAL are in weak (downtrend) after breakdown from symmetry triangle. After breaking L2, it is moving in side way (consolidation). It need to break above L1 (previous suppport line for symmetry triangle) with volume before it can turn storng to uptrend.

Entry price: 3.71
Profit Taking: 3.77, 4.19, 4.43
Cut Loss: 3.50

Case Study - BENALEC


1. Trend Line: Consolidation - Side Way (Neautral)
2. Breakout from sysmetrical triangle (Bullish)
3. higher high and higher low: (Bullish)
4. Candle Stick: Long whilet body with high vol -- greater than 40d MA(Bullish)
5. ADX: Good momentum (Bullish)
6. MACD: Cross 0 (Bullish)
7. RSI: Break 70% (Bullish)
8. Sto: Break 80% (Bullish)

Conclusion: 7 Bull 1 Bear

Agrresive Trader:
Entry Price: 1.57
Profit Taking: 1.60, 1.64, 1.69
Cut Loss: 1.49

Conservative Trader:
Entry Price: 1.62
Profit Taking: 1.64, 1.69, 1.73

Case Study - Keuro


1. Trend Analysis: Downtrend (Bearish)
2. Higher high & higher low: (Bullish)
3. Gap up with volume greater than 40d MA (Bullish)
4. ADX: Bullish crossover with good momentum (Bullish)
5. MACD: Bullish crossover and heading 0 (Bullish)
6. RSI : Break above 30% (Bullish)
7. Sto: Break to 80% (Bullish)

Conclusion: 6 Bull 1 Bear

Entry Price: 1.16
Profit Taking: 1.19, 1.25, 1.31
Cut Loss: 1.11

RR: 0.8, 2.25, 3

Remarks: Low liquidity stock.

Case Study - MAS


This analysis is for my bro, Mr. Nga:

1. Trendlline: Downtrend (Bearlsh)
2. Higher high & higher low (Bullish)
3. ADX : Good Momentum (slowing down) with uptrend (Bullish)
4. MACD : Touching 0 -- Pending 4R1G (Neautral)
5. RSI : Above 50% - Pending crossover to 70%  (Neautral)
6. Stochastic: Bullish / bearish kissing above 50% - pending confirmation if bull or bear (Neautral)

Conclusion : 2 Bull 1 Bear 3 Neautral

Entry price: 1.57
Profit Taking: 1.62, 1.68, 1.79
Cut Loss: 1.48

Remarks: Advisable to wait for confirmation on tomorrow on several indicators (neutral as of today). If desperate on counter above, can considered to enter at 1.57 with high buy momentum on tomorrow.
Good Luck and happy trading!!!!