Saturday, 14 April 2012

Case Study - KIANJOO


1. Trendline: downtrend (bearish)
2. Candle Stick: white long body (bullish)
3. volume : above 40 ma (bullish)
4. Bollinger band: both upper & lower band start to expand (bullish)
5. ADX: bullish crossover, uptrend with low momentum (Bullish)
6. MACD: 4R1G, bullish kiss over (bullish)
7. RSI: rebounce from 30% and breakout 50%, pending 70% breakout (bullish)
8. Sto: BUllish crossover, breakout 50%, pending 80% breakout (bullish)
9. volume distributionL: high buying pressure (bullish)


conclusion: 8 bull 1 bear

position: long

entry: 2.07
profit taking: 2.10, 2.14, 2.22, 2.28, 2.33
cut loss: 1.98

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