Monday 9 April 2012

Case Study - TASCO


1. Trendline: uptrend (bullish)
2. candle stick: white long body (bullish)
3. volume : below 40ma (bearish)
4. ADX: uptrend with strong momentum (bullish)
5. MACD: uptrend, bottom rounding, pending bullish crossover (bullish)
6. RSI: rebounce from 50%, pending 70% crossover (bullish)
7. Sto: bullish kissover, pending 80% crossover (bullish)
8. volume distribution: high buying pressure (bullish)


conclusion: 7 bull 1 bear

position: long

entry price: 2.19
profit taking: 2.29, 2.38
cut loss: 2.02

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