The blog is with intention to enhance and polish your wealth management skills. Let's learn up the skill set to pick up the bull running hot stock for the day... We will discuss it based on TA (Technical Analysis). We will learn to establish a good TP (trading plan) and be disciplined in trading. Most importantly, we could learn from the friend all around the world. This blog is definitely able to provide a platform to TA devourer for in-depth discussion.
Friday, 27 July 2012
Case Study - OLDTOWN
1. Trendline: uptrend (bullish)
2. Candle stick: long white body (bullish)
3. BB: Start expanding (bullish)
4. Volume: Above 40 EMA (bullish)
5. ADX: uptrend with strong momentum (bullish)
6. MACD: bullish crossover (bullish)
7. RSI: pending 70% breakout (bullish)
8. Sto: bullish crossover (bullish)
9. Volume distribution: high selling pressure (bearish)
Conclusion: 8 bull 1 bear
Position: Long
Entry price: 2.06
TP: 2.10, 2.14, 2.18, 2.20
CL: 1.98
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