Trading Strategy for Capitaland
1. Trend Analysis
Trading Range Since 2013 Jan
2. Indicator Analysis (daily)
100SMA daily strong S&R , weekly closure above May go back to Trading Range
Stoch at mid range signaling neither side are winning (Neutral)
MACD at neutral level - unlikely for breakout (Neutral)
Volume is decent , not super high (Neutral)
3. Chart pattern analysis
Trading range triple bottom (bearish to bullish reversal) and last rejection from 2.68
4. Candlestick analysis
Not available awaiting for reversal ( probably a morning star ) or a bearish engulfing for breakout
Trading Plan
1. Trade the Trading Range since its been from 2013
Entry: wait for a re-test of 100daily sma and a weekly candle close above it.. this would require a reversal pattern on daily candle
SL: weekly close below 2.68
TP(1):2.97
TP(2): 3.29
TP(3): 3.8
please DYODD
Trading Range Since 2013 Jan
2. Indicator Analysis (daily)
100SMA daily strong S&R , weekly closure above May go back to Trading Range
Stoch at mid range signaling neither side are winning (Neutral)
MACD at neutral level - unlikely for breakout (Neutral)
Volume is decent , not super high (Neutral)
3. Chart pattern analysis
Trading range triple bottom (bearish to bullish reversal) and last rejection from 2.68
4. Candlestick analysis
Not available awaiting for reversal ( probably a morning star ) or a bearish engulfing for breakout
Trading Plan
1. Trade the Trading Range since its been from 2013
Entry: wait for a re-test of 100daily sma and a weekly candle close above it.. this would require a reversal pattern on daily candle
SL: weekly close below 2.68
TP(1):2.97
TP(2): 3.29
TP(3): 3.8
please DYODD
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