Tuesday 10 April 2012

Case Study - SYF

1. Trendline: breakout from downtrend, higher low & high higher high (bullish)
2. candle stick: white body: (bullish)
3. volume: less than 40ma (bearish)
4. ADX: uptrend with weak momentum bullish)
5. MACD: 4R1G (bullish)
6. RSI: touching 70% , pending 70% breakout (bullish)
7. Sto: breakout 80%, bullish kissover (bullish)
8. volume distribution: high buying pressure (bullish)


conclusion: 7 bull 1 bear

position: long

entry price: 0.54
profit taking: 0.57, 0.61
cut loss: 0.525

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