Tuesday 10 April 2012

Case Study - PMETAL

1. Trendine: uptrend (bullish)
2. candle stick: white body (bullish)
3. ADX: uptrend with strong momentum (bullish)
4. MACD: above 0, round bottom (bullish)
5. RSI: breakout 50% (bullish)
6. Sto: bullish crossover, rebounce from 20% (bullish)
7. volume distribution: high selling pressure (bearish)

conclusion: 6 bull 1 bear

position: long

entry price: 2.07
profit taking: 2.11, 2.20, 2.31
cut loss:  2.03

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