The Stock Library
SYF will history repeat itself
Edwin Toh
Publish date: Sat, 06 Oct 2012, 02:28 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..
On October 5 Trading, everybody was enthusiastic when it broke 0.745 resistance during the midday by in a big volume and after at the last minute buying pressure went to minimal from 2k lots to about 300lots which not able to sustain the selling pressure at 0.74. During the last minute at 4.50pm, it went down by 2 pips to 0.73 which i dont know whether the market movers did it on purpose to create a bearish pattern to gain more discount stock from retail investors..
Let analyse the SYF Resource Stock Analysis Chart which was closed on 5 October 2012.
Indicators
1) Trendline - Broke above the down trendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R2G (Bullish)
4) RSI - Retracing toward 30% (Bearish) .If white candle there is chances of reversal sign
5) STO - Bullish Crossover and broke above 20% (Bullish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Doji Star Formed. ( Bearish).
8) Volume Distribution - Buying Pressure is strong ( Bullish).
9 ) Company Performance - Earning Report getting better and better no wonder many investors are eyeing on this counter
Conclusion:
Bullish -
According to the pattern on 16 August.. It went up pretty high a day before and pause for a while with high volume and follow with a black candle with low volume ( Profit Taking ) and then went started to go up since 22 August from 0.54 to 0.83..
E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.735
RRR (Risk to Reward Ratio) = 1.3 (Average)
E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.82
RRR (Risk to Reward Ratio) = 3(Rewarding)
E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.86
RRR (Risk to Reward Ratio) = 3.8 (HIghly Rewarding)
Support at 0.635 / 0.615 / 0.59 / 0.53
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