The Stock Library
Redtone broke above the downtrend line
Edwin Toh
Publish date: Tue, 02 Oct 2012, 08:23 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..
Remember the post which was posted last 19 September about the historical trend. It is here and to refresh your memory.. Please refer to this link to check on the previous post
Referring to the Stock Analysis Chart closed on 2nd October 2012
b) Conversion line below the base line (Bearish).
c) Price above the baseline ( Bullish)
Conclusion:
Bullish -
Next Resistance at 0.355 / 0.365 / 0.38
Support at 0.34 / 0.32 /0.31/ 0.3
Referring to the Stock Analysis Chart closed on 2nd October 2012
Indicators
1 ) Trendline - Broke above the downtrendline (Bullish)
2) Support/Resistance - formed Higher Low ( Bullish)
3) MACD -Bullish Crossover ( Bullish)
4) RSI - Trending up from 50%( Slightly Bullish)
1 ) Trendline - Broke above the downtrendline (Bullish)
2) Support/Resistance - formed Higher Low ( Bullish)
3) MACD -Bullish Crossover ( Bullish)
4) RSI - Trending up from 50%( Slightly Bullish)
5) STO - Broke above 80% ( Slightly Bullish)
6) Ichimoku - a) Broke Above support cloud (Bullish). b) Conversion line below the base line (Bearish).
c) Price above the baseline ( Bullish)
Conclusion:
Bullish -
E ( Entry) : 0.345
S ( Stop Loss) : 0.315
P ( Profit) :0.375
RRR (Risk to Reward Ratio) = 1 (Average)
Support at 0.34 / 0.32 /0.31/ 0.3
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
