Monday 23 April 2012

Case Study - LITRAK


1.Trendline: sideway (neutral)
2. candle stick: long white body (bullish)
3. BB: both upper & lower band start expanding (bullish)
4. volume: above 40 ma (bullish)
5. ADX: bullish kissover (bullish)
6. MCAD: bullish crossover (bullish)
7. RSI: break 50% (bullish)
8. Sto: breakout 80% (bullish)
9. volume distribution: high buying pressure (bullish)


conlclusion: 8 bull 1 neutral

position long

entry: 4.14
profit taking: 4.20, 4.27, 4.32,4.38
cut loss: 4.00

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