The Stock Library
SYF reaching for the stars..
Edwin Toh
Publish date: Sun, 16 Sep 2012, 10:36 AM
Edwin Toh
0 184
Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.
Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
More info click here
We thought that SYF will close with a shooting star when it retrace from 0.79 to 0.765 during the midday but before closing there was a buying frenzy to push it back up. This is what you mean Bull Counter.
A lot of investor asking whether is it ok to buy now ? Here is a good question. Let check on the chart on Sept 14 2012
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed Higher Low and Higher High ** ALL TIME HIGH** ( Bullish)
3) MACD -4R3G ( Bullish)
4) RSI - At Overbought and went above from 70% ( Slightly Bullish)
5) STO - At Overbought mode. Both indicators are kissing - Watchout for bearish crossover
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick -3 white candle after a hammer support ( 3 White Soldier) ( Bullish)
8) Volume Distribution - Some big time investors are throwing in the morning and mostly are the retail investors who are supporting this stock during the last minute. This is a not a healthy sign.
More info click here
Conclusion:
Bullish - remember to take slight profit on every resistance to protect your profit
High Risk
Entry price if break above 0.8 but the resistance is very close at 0.83 ( Which is less that 4% profit) which is risky.
Safe Entry
Wait for Higher high formed and retrace and buy in during rebound on next support.
Next Resistance at 0.8 / 0.83/ 0.86
Support at 0.76 /0.745/ 0.73/ 0.645 / 0.62
More info click here
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