Saturday, 14 April 2012

Case Study - CANONE


1. Trendline: sideway (neutral)
2. Candle Stick: long white body (bullish)
3. Bolinger Band: upper & lower band expand, start breakout after squeezed for 5 weeks (Bullish)
4. Volume: above 40ma (bullish)
5. ADX: uptrend with weak momentum (bullish)
6. MACD: above 0 (bullish)
7. RSI: rebounce from 50%, pending 70% breakout (bullish)
8. Sto: 80% breakout (bullish)
9. volume distribution: high buying pressure (bullish)

conclusion: 8 bull 1 neutral

position: long

entry: 1.97
profit taking: 2.04, 2.16
cut loss: 1.84

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