The Stock Library
JCY broke above the resistance
Edwin Toh
Publish date: Mon, 01 Oct 2012, 09:56 PM
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..
After weeks of bearish attack, finally JCY broke away from the downtrend line with a bullish engulfing candlestick.
Let check on the stock analysis chart on 1st October 2012
Fibonacci Resistance and Support
Historical Resistance and Support
Indicators
1 ) Trendline - Above the down trendline (Bullish)
2) Support/Resistance - formed lower low ( Bearish)
3) MACD - Bullish crossover (Bullish)
4) RSI - Heading towards 30% (Slightly Bullish) . If break above 30% will confirm bullish
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick - Formed a Abandoned Baby ( Bullish)
Conclusion:
Bullish
E ( Entry) : 0.81( Ensure closed at or above it)
Next Resistance at 0.91 / 0.94 / 1.06 / 1.08
Support at 0.795 / 0.765/ 0.74 / 0.705
Let check on the stock analysis chart on 1st October 2012
Fibonacci Resistance and Support
Historical Resistance and Support
Indicators
1 ) Trendline - Above the down trendline (Bullish)
2) Support/Resistance - formed lower low ( Bearish)
3) MACD - Bullish crossover (Bullish)
4) RSI - Heading towards 30% (Slightly Bullish) . If break above 30% will confirm bullish
5) STO - Formed Bullish crossover and going up towards 20% (Slightly Bullish). If break above 20% will confirm bullish
6) Ichimoku - a) below support cloud (Bearish). b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick - Formed a Abandoned Baby ( Bullish)
Conclusion:
Bullish
E ( Entry) : 0.81( Ensure closed at or above it)
S ( Stop Loss) : 0.78
P ( Profit) :0.9
RRR (Risk to Reward Ratio) = 3 ( Rewarding)
E ( Entry) : 0.81( Ensure closed at or above it)
S ( Stop Loss) : 0.78
P ( Profit) :0.93
RRR (Risk to Reward Ratio) = 4( Rewarding)
Support at 0.795 / 0.765/ 0.74 / 0.705
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