Case Study - Air Asia Retrace and Rebounce from Support?

 

Kim,

Per your request on Air Asia:

1. Trend Analysis : Uptrend (Bulliish)
2. Form hihge low and higher high: (Bullish)
3. Candle Stick Analysis: Hammer at support - potential bullish reversal --> pending confirmation (Undetermine)
4. ADX: Uptrend with good momentum (Bullish)
5. MACD: MACD line and signal kissing - pending confirmation if bear or bull (Undetermine)
6. RSI: Reside on 70% - pending confirmation (Undetermine)
7. Sto: Cross below 80% and heading to 50% (Bearish)
8. Volume Distribution Analysis: Selling force is high (Bearish)

Conclusion: 3 Bull 2 Bear 3 Neautral

Entry price: 3.50
Profit Taking: 3.63, 3.87, 4.04
Cut Loss: 3.44

Remarks: From volume distribution analysis from past 5 days, it appears distribution is in progress by SM. For those who would like to enter this counter, please be caution. We will monitor the volume distribution every night after the trading session to analyze if any sign of big shark coming back to accumulate the stocks. Most importantly is to wait for tomorrow confirmation see if the counter able to re-bounce from support.

Case Study - Ulicorp

1. Trend : Uptrend (Bullish)
2. Forming higher low (Bullish)
3. ADX : Above 40 -- Oversold, +DI is above -DI --> Uptrend with strong momentum (Bullish)
4. MACD: Potential bullish / bearish crossover 4G1R (Bearish)
5. RSI:  Maintained above 50% (Bullish)
6. Stochastic: Break50% with bullish / bearish kissing (Bullish)
7. Symmetry Triangle Pattern: if breakout with TP (1.69)
8. News: ULICORP worth 2.12 per shares...
9. Volume Distribution Analysis: Big sharp is buying close to market end (14:00-15.30 time frame). Sell force are mainly from small retailer.

Conclusion: 7 Bull 1 Bear 1 Neautral

Entry price: 1.23
Profit Taking: 1.31, 1.44, 1.52, 1.67 (TP)
Cut Loss: 1.1