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ASUPREM Formed MACD 4R1G Bullish Reversal

Edwin Toh
Publish date: Mon, 01 Oct 2012, 07:22 PM
Edwin Toh
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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..
Today ASUPREM formed a very nice hammer on the bollinger band support  with a MACD 4R1G..

Let check on the Stock Analysis Chart for October 01 2012



Indicators
1 ) Trendline - Below the bullish trendline (Bearish)
 2)  Support/Resistance - formed Lower low and lower high (Bearish)
3) MACD - 4R1G Signal (Bullish)
4) RSI - Hovering  towards 50% (Slightly Bullish)
5) STO - Formed Bullish crossover (Slightly Bullish). If broke above the 20% will indicate more 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 support hammer on the bollinger band support ( Bullish





Conclusion:
 Slightly Bearish -

Counter Attack trend 
E ( Entry) : 0.28 ( Ensure closed above it)
S ( Stop Loss) : 0.245             
P ( Profit) :0.31
RRR (Risk to Reward Ratio) = 0.86 ( Slightly Risky)


E ( Entry) : 0.28 ( Ensure closed above it)
S ( Stop Loss) : 0.245             
P ( Profit) :0.335
RRR (Risk to Reward Ratio) =1.57 (Slightly Rewarding)
 
Next Resistance at  0.275 / 0.3 / 0.31 / 0.35
Support at 0.25 /  0.24 / 0.21 / 0.19
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