Showing posts with label GENM. Show all posts
Showing posts with label GENM. Show all posts

Thursday, 4 August 2011

Case Study- GENM


1. Trendline: sideway (Neutral)
2. Candle Stick: white body (Bullish)
3. Bollinger Band: Start squeeze, pending breakout (Neutral)
4. ADX: uptrend with weak momentum (Bullish)
5. MACD: downtrend (Bearish)
6. RSI: Rebounce and touch 50% (Bullish)
7. Stochastic: Bulllish crossover with signal break 50% and touch 80% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)


Conclusion: 5 Bull 1 Bear 2 Neutral

Entry Price: 3.82
Profit Taking: 3.91, 3.97,4.05
Cut Loss: 3.70

Tuesday, 26 July 2011

Case Study - GENM


1. Trendline : Sideway (Neautral)
2. Candle Stick : Hanging man -- potential bearish reversal, pending confirmation on subsequent day (Bearish)
3. Support: Above 20, 50, 200 EMA (Bullish)
4. ADX : Uptrend with moderate momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Drop to 50% (Bearish)
7. Stochastic: Above 50%, pending to break 80% (Bullish)
8. Volume Distribution: Selling force is high (Bearish)




Conclusion: 4 Bull 3 Bear 1 Neautral

Entry Price: 3.82
Profit Taking: 3.85, 3.91, 3.98
Cut Loss: 3.70

Remarks : Beware to be trap to be another sideways, high selling pressure. Avoid this counter if possible.