Saturday, 9 July 2011

Case Study - Gadang


1. Trendliline Analysis: Downtrend (Bearish)
2. Forming higher low: Bullish)
3. Candle Stick: Long white body with volume afeter dragon fly (Bullish reversal)
4. ADX: Bullish crossover with weak momentum (Bullish)
5. MACD: 4R1G with rounding bottom (Bullish)
6. RSI : Rebound at 50% and continue to rise closer to 70% (Bullish)
7. Sto: Bullish crossover and break 80% (Bullish)
8. Volume Distribution Analysis: Profit taking by some of the retailer at late trading session. However, if you observed carefully, big sharks are accumulating the stock when you are selling. Thus (Bullish)


Conclusion: 7 Bull 1 Bear

Entry Price: 0.7
Profit Taking: 0.735, 0.76
Cut Loss: 0.67

Case Study - Notion


Elvin,

Per your request on chart analysis above.

1. Trend Analysis: Sideway consolidation (Neautral)
2. Symmetry triangle : Pending breakout / breakdown (Neautral)
3. ADX: Sideway trending (Neautral)
4. MACD: Gradually forming bottom round (Bullish)
5. RSI: Break 50% (Bullish)
6. Sto: Bullish crossover break above 50% (Bullish)
7. Moving Average: Below 12, 20, 50 Moving average (Bearish)
8. Volume Distribution:  Net Buying from big shark (Bullish)


Conclusion: 1 Bear 4 Bull 3 Neutral

Entry Price: 2.18
Profit Taking: 2.2, 2,27, 2.33 (TP for symmetry triangle breakout)
Cut Loss: 2.08

RR: 0.4, 0.9, 1.5

Remarks: Overally the setup is yet to formed. The price need to at least break the resistance of 50d MA before it could turned bull. Let's continue monitor and apply trading plan per above as soon as it meets our buy call specs.