Tuesday 10 April 2012

Case Study - SMPC


1. Trendline: higger low & higher high (bullish)
2. candle stick: white long body (bullish)
3. volume: above 40ma (bullish)
4. ADX: uptrend with strong momentum (bullish)
5. MACD: above 0 (bullish)
6. RSI: breakout 70% (bullish)
7. Sto: above 80% (bullish)
8. volume distribution: high buying pressure (bullish)


conclusion: 8 bull

position: long

entry: 2.51
profit taking: 2.75, 2.92, 3.06
cut loss: 2.21

Note: This is a low volume counter, becareful not to get trapped

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