Showing posts with label JCY. Show all posts
Showing posts with label JCY. Show all posts

Thursday, 27 October 2011

Case Study - JCY


1. Trendline: Higher high & high low - uptrend (Bullish)
2. Bollinger Band: Both upper & lower band facing north (Bullish)
3. Candle stick analysis: Rebounce from support - 0.535 (Bullish)
4. ADX: Uptrend with strong momentum (Bullish)
5. MACD: 3R1G with signal line above 0 (Bullish)
6. RSI: Above 70% (Bullish)
7. Stochastic: Above 80% (Bullish)
8. Volume Distribution: High buying pressure (Bullish)





Conclusion: 8 Bull 0 Bear

Position: (Long)
Entry price: 0.61
Profit Taking: 0.66, 0.71
Cut Loss: 0.565
RR: 1.11, 2.22