Monday, 9 April 2012

Case Study - TAKAFUL


1. Trendline: uptrend (bullish)
2. candle stick: shoting star (bearish)
3. volume : below 40ma (bearish)
4. ADX: uptrend with strong momentum (bullish)
5. MACD: uptrend (bullish)
6. RSI: above 70% (bullish)
7. Sto: above: 80% (bullish)
8. volume distribution: high buying pressure (bullish)

Agressive buyer
entry price: 3.87
profit taking: 4.05, 4.23, 4.41
cut loss: 3.62

entry price: 3.49 or 10ma (when retrace)
profit taking: 3.62, 3.83,4.05
cut loss: 3.14

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