The Stock Library
Scomi broke away from the Bullish Pennant
Edwin Toh
Publish date: Mon, 01 Oct 2012, 09:37 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..
Last Friday, Scomi breakout from the bullish pennant and went up and today it ended with a doji star..
Let check the Chart Analysis Stock on 1st October 2012
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed higher high and higher low (Bullish)
3) MACD - Upwards (Bullish)
4) RSI - Retrace below 70% (Bearish)
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Formed a Gravestone Doji ( Bearish)
8) Chart Pattern - Breakout from Bullish Pennant.. Target at 0.55
Conclusion:
Bullish
E ( Entry) : 0.4( Ensure closed at or above it)
Next Resistance at 0.43/ 0.455 / 0.48 / 0.5 / 0.55 ( Bullish Pennant TP)
Support at 0.35 / 0.32 / 0.3 / 0.28
Let check the Chart Analysis Stock on 1st October 2012
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed higher high and higher low (Bullish)
3) MACD - Upwards (Bullish)
4) RSI - Retrace below 70% (Bearish)
5) STO - Formed Bullish crossover (Slightly Bullish).
6) Ichimoku - a) Above support cloud (Bullish). b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Formed a Gravestone Doji ( Bearish)
8) Chart Pattern - Breakout from Bullish Pennant.. Target at 0.55
Conclusion:
Bullish
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.43
RRR (Risk to Reward Ratio) = 0.6 ( Risky)
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.45
RRR (Risk to Reward Ratio) = 1( Average)
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.47
RRR (Risk to Reward Ratio) = 0.86 ( Slightly Rewarding)
Support at 0.35 / 0.32 / 0.3 / 0.28
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