Case Study - IGB

1. Trendline: sideway (neutral)
2. Candle stick: white long body (bullish)
3. BB: Squeezing, pending brekout (neutral)
4. volume; above 40ma (bullish)
5. ADX; uptrend with moderate momentum (bullish)
6. MACD: histrogram forming rouding bottom, MACD above 0, pending bullish crossover (bullish)
7. RSI: breakout 50%, pending 70% breakout (bullish)
8. Sto: breakout 80% (bullish)
9. volume distribution: high buying pressure (bullish)


conclusion: 7 bull 2 neutral

position: long

entry: 2.92
profit taking: 3.13, 3.29
cut loss: 2.77

1. trendline: downtrend (bearish)
2. candle stick: bullish engulfy (bullish)
3. BB squeue, pending breakout (neutral)
4. ADX: downtrend with strong momentum (bearish)
5. MACD: signal line above 0 with 4R1G, pending bullish crossover (bullish)
6. RSI: rebounce from 30%, penidng breakout 50% (bullish)
7. Sto: bullish crossover with signal line breakout 70%, pending breakout 80% (bullish)
8. volume distribution: high selling pressure (bearish)

conclusion: 4 bull 3 bear 1 neutral

position: long
entry price: 2.01
profit taking: 2.05, 2.09, 2.15
cut loss: 1.88