Technical analysis is the forecasting of market prices by means of analysis of data generated by the process of trading. Technical analysis relies on the assumption that markets discount everything except information generated by market action, ergo, all you need is data generated by market action. Let's join and discuss the technical analysis in depth on particular stock with the traders all over the world.

Tuesday 5 July 2011

MRCB (1651)

Entry price: 2.28
TP: 2.34, 2.4
CL: 2.24
RR:1.5
Resistance: 2.35,2.41
Support: 2.25
Trend: Break above symmetry triangle with high volume today. (break 2.25 resistance this morning, second half will test 2.28 resistance) Bullish
ADX: Bullish with momentum
MACD: Bullish start to rebounce
RSI: Yesterday below 30%, today will break above 30%
STO: above 50%, bullish
Conclusion: Bull win 5 points, bear 0 point

MITRA (9571)

5 July 2011
Entry price: 0.68
TP: 0.7, 0.725,0.745
CL: 0.64
Resistance: 0.705,0.73,0.75
Support: 0.645
RR: 0.5
ADX: Strong momentum but bearish
MACD:Bearish but 4R1G could be reversal signal
RSI: Below 30% but setting up to be shooting like rocket
Sto: Break above 20% bullish
Conclusion: 2 bulls 2 bears

EFFICEN (0064)

5 July 2011
Entry price: 0.24
TP:0.25, 0.26
CL:0.21
RR:0.25
Resistance:0.255, 0.265
Support: 0.215
ADX: Strong momentum with bullish sign
MACD: Bullish kiss bearish, waiting to cross over
RSI: Above 50% bullish
Sto: Above 50% bullish
Conclusion: 4 bulls

KURASIA (5097)

5 July 2011
Entry price: 0.52
profit takaing: 0.54, 0.56,0.58
cut loss: 0.48
uptrend
CandleStick: double hammers, high chance to reverse
ADX: Strong momentum bullish
MACD: Bullish waiting for 4R1G
RSI: Above 70% bullish
Sto: Cross above 80% bullish
Conclusion: 5 bulls

MAS (3786)

Entry price: Waiting it retrace to 1.46 or break above 1.55
TP:1.61, 1.67,1.75
Cut loss: 1.45
Resistance:1.55, 1.62,1.68
Support:1.46
CandleStick: Doji form, need white candle with volume to confirm bullish
ADX: Strong momentum but look bearish
MACD: Bullish (waiting to form 4R1G)
RSI: Touch 70% (Bullish)
Sto: Rest on 50% waiting to rebounce
Conclusion: 2 Bulls, 1 bear, 2 undetermine