Saturday, 14 April 2012

Case Study - IGB


1. Trendline: sideway (neutral)
2. Candle stick: white long body (bullish)
3. BB: Squeezing, pending brekout (neutral)
4. volume; above 40ma (bullish)
5. ADX; uptrend with moderate momentum (bullish)
6. MACD: histrogram forming rouding bottom, MACD above 0, pending bullish crossover (bullish)
7. RSI: breakout 50%, pending 70% breakout (bullish)
8. Sto: breakout 80% (bullish)
9. volume distribution: high buying pressure (bullish)


conclusion: 7 bull 2 neutral

position: long

entry: 2.92
profit taking: 3.13, 3.29
cut loss: 2.77

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