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.
Monday, 23 April 2012
Case Study - FABER
1. Trendline: ascending triangle, pending breakout (bullish)
2. candle stick: shoting star (bearish)
3. Bollinger Band: Both upper & lower band expanding (bullish)
4. volume: above 40ma (bullish)
5. ADX: uptrend with moderate momentum (bullish)
6. MACD: below 0 (bearish)
7. RSI: touching 70%, pending breakout (bullish)
8. Sto: breakdown 80% (bearish)
9. volume distribution: high buying pressure (bullish)
conclusiion: 6 bull 3 bear
position: long
entry: 1.69 / 1.85(triangle breakout)
profit taking: 1.81 / 1.98,2.12, 2.26 (triangle breakout target)
cut loss: 1.56
Labels:
FABER
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