Case Study - Coastal

1. Trendline: sideway (neutral)
2. candle stick: rebounce from support ~ 10 ema (bullish)
3. ADX: bullish crossover(bullish)
4. MACD: bullish crossover (bullish)
5. RSI: break 50%, pending breat out 70% (bullish)
6. Sto: bullish crossover with signal line break 50%, pending berakout 80% (bullish)
7. volume distribution: high selling pressure (bearish)


conclusion: 5 bull 1 bear 1 neutral

position: long
entry price: 2.11
profit taking: 2.23, 2.34
cut loss: 1.97

Case Study - Coastal

 

1. Trendline: Consolidation - Sideway (Neautral)
2. Support well above 20 & 50 MA. (Bullish)
3. ADX: Bullish with weak momentum (Bearish)
4. MACD: Bullish crossover and touching 0 (Bullish)
5. RSI: Kissing 50% (Bearish)
6. Sto: Bearish crossover? and signal line turned down (Bearish)

Conclusion: COASTAL are in weak (downtrend) after breakdown from symmetry triangle. After breaking L2, it is moving in side way (consolidation). It need to break above L1 (previous suppport line for symmetry triangle) with volume before it can turn storng to uptrend.

Entry price: 3.71
Profit Taking: 3.77, 4.19, 4.43
Cut Loss: 3.50