Tuesday 10 April 2012

Case Study - TWSPLNT


1. Trendline: Uptrend (bullish)
2. Candle stick; white long body (bullish)
3. volume : above 40 ma (bullish)
4. Bollinger Band: Widely open (bullish)
5. ADX: uptrend with strong momentum (bullish)
6. MACD: uptrend (bullish)
7. RSI: above 70% (bullish)
8. Sto: touching 80%, bearish crossover (bearish)
9. volume distribution: High Buying pressure (bullish)


conclusion: 8 bull 1 bear

position : long

entry price: 5.75
profit taking: 5.89, 6.03
cut loss: 5.43

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