Wednesday 27 July 2011

Case Study - E&O


1. Trendline : Sideway (Neutral)
2. Candle Stick : Long white body (Bullish)
3. Support : Below 20, 50 EMA (Bearish)
4. Bollinger Band : Upper & Lower Band is narrowing, pending breakout (Neutral)
5. ADX: Uptrend with moderate momentum (Bullish)
6. MACD : Bullish kissing, pending breakout by confirmation (Neutral)
7. RSI : Rebounce from 30%, heading 50% (Bullish)
8. Stochastic : Break 50% (Bullish)
9. Volume Distribution : High buying force (Bullish)



Conclusion: 5 Bull 1 Bear 3 Neutral

Entry Price: 1.54
Profit Taking: 1.58, 1.63
Cut Loss 1.50

Remarks: Apply sideway (channel trading) at this momment until it break 1.65 and forming higher low / higher high to ensure the trend has changed to uptrend

Case Study - SOP


1. Trendline: Uptrend (Bullish)
2. Candle stick : White long body (Bullish)
3. Support : Above 20, 50, 200 EMA (Bullish)
4. Bollinger band, Both upper & lower band narrowing, pending breakout (Neutral)
5. ADX : uptrend with moderate momentum (Bullish)
6. MACD : 4R1G (Bullish)
7. RSI : Rebounce and break 50% (Bullish)
8. Stochastic : Bullish crossover and touching 80% (Bullish)
9. Volume Distribution : High selling pressure from SHARKs to retailer close to end of market (Bearish)


Conclusion: 7 Bull 1 Bear 1 Neutral

Entry Price : 4.23
Profit Taking: 4.29, 4,36, 4.42, 4.48
Cut Loss : 4.19

Remarks: Beware of the selling pressure big sharks. Advice to monitor closely on the volume distribution, if selling force from sharks continue to be high. Sell immediately!

Case Study - Bornoil


1. Trendline : Downtrend (Bearish)
2. Candle Stick : Long white body (Bullish)
3. Bollinger band : Upper & lower band narrowing, pending breakout (Neutral)
4. Support: Above 20, 30 & 200 EMA (Bullish)
5. ADX : Bullish crossover, uptrend with weak momentum (Bullish)
6. MACD : Bullish crossover and breaking 0 (Bullish)
7. RSI: Rebounce from 50% (Bullish)
8. Stochastic: Break 80% (Bullish)
9. Volume Distribution: High buying force (Bullish)



Conclusion: 7 Bull 1 Bear 1 Neutral

Entry Price: 0.460
Profit Taking: 0.50, 0.54, 0.57, 0.62
Cut Loss : 0.44

Case Study - Dialog


1. Trendline : Downtrend since 6/2 (Bearish)
2. Break L1 (pink line) resistance with high volume which greated than 30d MA, downtrend stopped, potentiall turn to sideway / uptrend (Bullish)
3. Bollinger Band : Upper & Lower Band is narrowing, sideway (Neutral)
4. Candle stick : Spining top (Neutral)
5. forming higher low (Bullish)
6. ADX : uptrend with moderate momentum (Bullish)
7. MACD : Bullish crossover and pending to form bottom round and cross up 0(Bullish)
8. RSI : touch 50% (Bullish)
9. Stochastic : Break up 80% (Bullish)
10. Volume Distribution : Strong buying force (Bullish)


Conclusion: 7 Bull 1 Bear 2 Neutral

Entry Price: 2.68
Profit Taking : 2.79, 2.86, 2.92
Cut Loss : 2.64

Case Study - Hiro


1. Trendline : Sideway (Neutral)
2. Candle Stick : White body (Bullish)
3. Bollinger Band : Both upper & lower band opening start to widen, price might more volatility (Bullish)
4. ADX : Bullish crossover, uptrend with moderate momentum (Bullish)
5. MACD : Bullish crossover (Bullish)
6. RSI : Breakout 50%, pending break up 70% (Bullish)
7. Stochastic : Break up 80% (Bullish)
8. Volume Distribution : High buying force especially close to market end. (Bullish)


Conclusion : 7 Bull 1 Neautral

Entry Price : 0.81
Profit Taking : 0.825, 0.84, 0.86(TP1), 0.88, 0.90 (TP2)
Cut Loss: 0.79

Case Study - Media


1. Trendline : Consolidation for 2.5 months (Neautral)
2. Bollinger Band : Upper band start to opern which would increase volatility (Bullish)
3. Candle Stick: White Body (Bullish)
4. ADX : Uptrend with moderate momentum (Bullish)
5. MACD : Bullish kissing above 0 (Bullish)
6. RSI : Rebounce from 50%, pending break up 70% (Bullish)
7. Stochastic : Rebounce and break 80% (Bullish)
8. Volume Distribution :Big selling force from big shark at end of market. Overall, both selling and buying force are comparable today. (Neutral)


Conclusion : 6 Bull 2 Neautral

Entry Price : 2.92
Profit Taking : 2. 96, 3.05, 3.15, 3.24, 3.32
Cut Loss : 2.81

Remarks: Please pay extra careful when trade with this counter to prevent in trapping in the sideway.

Case Study - Gadang


1. Trendliline Analysis: Consolidation for 1.5 month after long downtrend (Neautral)
2. Bollinger Band : Both upper & lower band opening widen, thus increase price volatility (Bullish)
3. Candle Stick : Long white body (Bullish)
4. ADX : Uptrend with weak momentum (Bullish)
5. MACD : Bullish crossover above 0 (Bullish)
6. RSI : Above 50%, pending break up 70% (Bullish)
7. Stochastic: Rebounce and touch 80% (Bullish)
8. Volume Distribution : High selling pressure by Sharks to retailer, beware (Bearish)


Conclusion: 6 Bull 1 Bear 1 Neautral

Entry Price: 0.715
Profit Taking: 0.735, 0.76, 0.79
Cut Loss: 0.685

Case Study - Hexagon


1. Trendline : Consolidation for 2 months after 'waterfall' downtrend (Neatural)
2. Break symmetrical triangle during consolidation with TP achieved (Bullish)
3. Form higher high & higher low (Bullish)
4. Bollinger Band : Both upper & lower band opening is widen (Bullish)
5. ADX: uptrend with moderate momentum (Bullish)
6. MACD : Forming a round bottom and crossing up 0 (Bullish)
7. RSI : Rebounce up from 70% (Bullish)
8. Stochastic : Rebounce and break 80% with bullish cross over (Bullish)
9. Volume Distribution : Slightly higher buying force (Bullish)


Conclusion : 8 Bull 1 Neautral

Entry Price: 0.305
Profit Taking: 0.335, 0.38
Cut Loss : 0.265

Case Study - MRCB


1. Trend Analysis - Sideway trading after in symmetrical triangle in past 6 monyh (Neautral)
2. Form higher high & higher low after breakout from symmetrical trianlge in past 1 month (Bullish)
3. ADX - Storng momentum (Bullish)
4. Bollinger Band : Both upper & lower band are trending up, indication for uptrend (Bullish)
5. Candle Stick: long white body (Bullish)
6. Support : Above 20, 50 & 200 EMA (Bullish)
7. ADX : Uptrend with strong momentum (Bullish)
8. MACD : trending up (Bullish)
9. RSI : Rebounce up from 50%, pending for 70 % breakout (Bullish)
10. Stochastic : Rebounce and break up 80% with bullish crossover (Bullish)
11. Volume Distribution : Strong buying pressure (Bullish)


Conclusion: 10 Bull 1 Neautral

Entry Price: 2.33 on 7/27 or 2.41 thereafter
Profit Taking : 2.52, 2.66
Cut Loss: 2.29

Remarks: Beware of high selling pressure close to market end.

Case Study - KKB


1. Trendline : Sideway since breakdown from symmetrical triangle on 5/16. (Neautral)
2. Resistance & Support : Support line,L1 as indicated as pink color has been the resistance (tested on 5/16, 6/30, 7/8 & 7/11 respectively) since then. Break L1 line with high volume on 7/27 (Bullish)
3. Bollinger Band: Both upper & lower band are widen indicating the begining of price volatilify, since is breakout , thus proability of price moving upward is increasing. (Bullish)
4. Candle Stick: White long body (Bullish)
5. ADX : Uptrend with strong momentum (Bullish)
6. MACD : Bullish crossover with 4R1G above 0 (Bullish)
7. RSI : Rebounce and break up 50% (Bullish)
8. Stochastic: Rebounce and breakout 80% with bullish crossover (Bullish)
9. Volume Distribution : Strong buying pressure whole day long (Bullish)



Conclusion 8 Bull 1 Neautral

Entry Price : 1.99
Profit Taking: 2.02, 2.10, 2.19
Cut Loss : 1.95

Case Study - Affin (Potential Symmetrical Triangle Breakout)


1. Trendline : Consolidatoin in symmetrical triangle -- pending breakout (Neautral)
2. Bolingger Band : Start to open that potentially make price more volatility, sign of breakout (Bullish)
3. Candle Stick : White Body (Bullish)
4. ADX : Uptrend with weak momentum (Bullish)
5. MACD : Bullish crossover above 0 (Bullish)
6. RSI : Rebounce and touching 50% (Bullish)
7. Stochastic : Rebounce and break up 80% (Bullish)
8. Volume Distribution: High selling force by Sharks especially during market end to retailer (Bearish)


Conclusion: 6 Bulll 1 Bear 1 Neautral

Entry Price: 3.51
Profit Taking: 3.61, 3,71, 4.07 (Target Price if symmetrical triangle breakout with volume support)
Cut Loss: 3.40

Remarks: Watch up the volume distribution for recent days, not to be trapped as big sharks are dumping. However, if breakout with high volume and strong buying pressure would have handsome profit (~17.6%). Thus, monitor closely on this counter!