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.

Wednesday 13 July 2011

14 July stock to watch

KULIM, 2 white candles after double doji, indicating bullish signal.  ADX is flat indicate that price correction is happening.  MACD waiting for bull to cross bear from below, undetermine now.  RSI and STO showing bullish signal.  Volume distribution showing great buy force, bullish!

Entry price: 3.61
Take profit: 3.66,3.83
Cut loss: 3.53

WCT sideway or break out or breakdown?

WCT form doji today, meaning need next trading day for confirmation whether it is up or down.  it form doji close at support level, perhaps it'll gain it momentum and shoot up tomorrow.  ADX signal cross 20 from below indicating new trend is forming. RSI showing bullish signal while MACD and STO show bearish.  From volume distribution, it is obvious that selling pressure from big shark is high especially near trading session close today.
We remain our support at 3.08 and cut loss at 3.06.

TRC downtrend or sideway?

Technically, TRC is not a good buy now.  All indicators are showing bearish signal.  Its support at 0.68, if break below, it will further dive down.  Be careful.

Anyone lock the Airasia today?

Airasia hit our entry price today.  Anyone manage to buy it?  It is closing at our entry price, let's hope airasia fly high!  Everyone can fly!


Technically, Airasia is nice.  As you can see, the white candle today is supported with high volume (Bullish).  Furthermore, the ADX start to cross above 40 indicating the uptrend momentum become stronger.  MACD look good today, 4R1G indicating bullish.  Both RSI and STO signal look good (bullish).  Please sell half when the price hit RM3.65, and the balance aim for RM3.84.  Airasia support is at 3.50 and our cut loss is at 3.42 (2 pips below previous higher low closing).