The blog is with intention to enhance and polish your wealth management skills. Let's learn up the skill set to pick up the bull running hot stock for the day... We will discuss it based on TA (Technical Analysis). We will learn to establish a good TP (trading plan) and be disciplined in trading. Most importantly, we could learn from the friend all around the world. This blog is definitely able to provide a platform to TA devourer for in-depth discussion.
Tuesday, 26 July 2011
Case Study - Altera
Aunty Lok,
This is for you.
1. Trendline : Downtrend (Bearish)
2. Support : Below 20, 50, 200 EMA (Bearish)
3. ADX : Downtrend with moderate momentum (Bearish)
4. MACD : Cross below 0 (Bearish)
5. RSI : Cross below 30% (Bearish)
6. Stochastic: Below 50% (Bearish)
Conclusion : 6 Bear 0 Bull
Remarks: Short or medium term, this counter is in downtrend / sideway. It needs to break the pink (L1) line and form higher low or higher high in order to go bullish again. So, sell if you can't wait for it!
Case Study - GENM
1. Trendline : Sideway (Neautral)
2. Candle Stick : Hanging man -- potential bearish reversal, pending confirmation on subsequent day (Bearish)
3. Support: Above 20, 50, 200 EMA (Bullish)
4. ADX : Uptrend with moderate momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Drop to 50% (Bearish)
7. Stochastic: Above 50%, pending to break 80% (Bullish)
8. Volume Distribution: Selling force is high (Bearish)
Conclusion: 4 Bull 3 Bear 1 Neautral
Entry Price: 3.82
Profit Taking: 3.85, 3.91, 3.98
Cut Loss: 3.70
Remarks : Beware to be trap to be another sideways, high selling pressure. Avoid this counter if possible.
Case Study - Dutalnd
1. Trendline : Sideway (Neautral)
2. Candle Stick : Long white body (Bullish)
3. Bollinger Band : Breakout after squeeze for 2.5 months with high volume support (Bullish)
4. ADX : Uptrend with weak momentum (Bullish)
5. MACD : Bullish crossover (Bullish)
6. RSI : Rebounce from 50% and pending to break 70% (Bullish)
7. Stochastic: Rebounce and break 50%, 80% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)
Conclusion: 7 Bull 1 Neautral
Entry Price: 0.54
Profit Taking : 0.55, 0.58, 0.61
Cut Loss: 0.49
Case Study - KFC
1. Trendline : Sideway (Neautral)
2. ADX : Uptrend with strong momentum (Bullish)
3. MACD : Signal line trending up (Bullish)
4. RSI : Rebounce and pending to break 70% (Bullish)
5. Stochastic : Rebounce from 50% and break 80% with bullish kissing (Bullish)
6. Volume Distribution: Strong buying force (Bullish)
Conclusion: 5 Bull 1 Neautral
Entry Price: 4.00
Profit Taking : 4.09, 4.31, 4.45
Cut Loss : 3.83
Remarks: Beware of getting trap as this setup is a sideway unless breakout with volume support.
Case Study - EPMB
1. Trendline : Downtrend (Bearish)
2. Candle Stick : Long White Body (Bullish)
3. Support : Above L1 line and 20, 50 200 EMA (Bullish)
4. Bollinger Band : Breakout BB Squeeze with volume greater than 30 EMA (Bullishe)
5. ADX : Uptrend with strong momentum (Bullish)
6. MACD : Bullish crossover and pending to cross 0 from bottom (Bullish)
7. RSI : Break 70% (Bullish)
8. Stochastic : Break 80% with bullish crossover (Bullish)
9. Volume Distribution :High buying pressure especially close to market end (Bullish)
Conclusion : 8 Bull 1 Bear
Entry Price; 1.02
Profit Taking: 1.05, 1.11,1.17
Cut Loss : 0.92
Case Study - Daiboci
1. Trendline: Sideway (Neautral)
2. Candle Stick : Long white body (Bullish)
3. Bollinger Band : Breakout with high volume, Upper & Lower band open increase price volatility (Bullish)
4. ADX : Uptrend with strong momentum (Bullish)
5. MACD : 4R1G (Bullish)
6. RSI : Break and stay above 70% (Bullish)
7. Stochastic : Break and stay above 80% (Bullish)
8. Volume Distribution: Strong buying pressure (Bullish)
Conclusion: 7 Bull 1 Neautral
Entry Price: 2.88
Profit Taking : 3.01, 3.15
Cut Loss : 2.78
Case Study - QSR
1. Trendline : Uptrend (Bullish)
2. Candle Stick : Long white body (Bullish)
3. ADX : Uptrend with strong momentum (Bullish)
4. MACD : Trending up from 0 with bullish crossover (Bullish)
5. RSI : Above 70% (Bullish)
6. Stochastic : Above 80% (Bullish)
7. Volume Distribution : High buying force by big shark at market end (bullish)
Conclusion: 7 Bull
Entry Price: 6.30
Profit Taking: 6.60, 6.81
Cut Loss : 6.09
Case Study - Ramunia
1. Trendline : Downtrend (Bearish)
2. Candle Stick : Long white body (Bullish)
3. ADX : Bullish crossover with strong momentum (Bullish)
4. MACD : Bullish Crossover (Bullish)
5. RSI : Rebounce from 30% to 50% (Bullish)
6. Stochastic : Bullish crossover with signal line break 50% and heading 80% (Bullish)
7. Volume Distribution : Strong buying force from both Sharks and retailer. (Bullish)
Conclusion : 6 Bull 1 Bear
Entry Price : 0.435
Profit Taking: 0.45, 0.485, 0.51
Cut Loss: 0.39
Remarks: Since this is a downtrend counter, please trade with extra careful. Recommend to set tight cut loss.
Case Study - KNM
1. Trenline: Downtrend (Bearish)
2. Candle Stick: spinning top with gap up (Neutral)
3. Bollinger Band : BB squeeze and has sign of break out with news (Bullish)
4. ADX : Uptrend with stronog momentum (Bullish)
5. MACD: Signal line uptrend and slowly forming round bottom (Bullish)
6. RSI : Break 50% and heading 70% (Bullish)
7. Stochastic: Bullish kissing over and break above 50%, pending breaking 80% (Bullish)
8. Volume Distribution: Strong buying pressure (Bullish)
Conclusion: 6 Bull 1 Bear 1 Neautral
Entry Price: 1.94
Profit Taking: 2, 2.14,2.27
Cut Loss: 1.90
Remarks: Since the new has out that causing gap up. Also, selling pressure is high close to end session. Thus, please put extra attention on it.
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