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

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