Sunday 15 April 2012

Case Study - KULIM


1. Trendline: higher high & higher low, uptrend (bullish)
2. Candle Stick: white long body (bullish)
3. volume : above 40 ma (bullish)
4. Bollinger band: upper & lower band start to expnd (bullish)
5. ADX: uptrend with weak momentum (bullish)
6. MACD: touching 0, pending crossing abve 0, uptrend (bullish)
7. RSI: touching 70%, pending 70% breakout (bullish)
8. Sto: breakout 80% (bullish)
9. volume distribution: high selling pressure (bearish)



conclusion: 8 bull 1 bear

position: long

entry price: 4.40
profit taking: 4.44, 4.52, 4.58
cut loss: 4.28

Note: Be aware not to be trapped as big shark is dumping at last trading session...

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