The Stock Library

Will SYF Pattern Dream come true.

Edwin Toh
Publish date: Mon, 08 Oct 2012, 08:42 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..
Following Message
As mention on the previous post on 5 October that it shows a similiar pattern that after a Doji it will formed a black candle with low volume ( PROFIT TAKING) . Tommorow there might a chance to go up a big white candle..




Indicators
1) Trendline - Broke above the down trendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R3G (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 below the base line (Bearish). 
                       c) Price above the baseline ( Bullish)
7) Candlestick - Doji Star Formed with a black candle. ( Bearish). 
8) Volume Distribution - Small Selling Pressure is stronger ( Bearish). 





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..


Previous Call on 3 October
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)
 
 
Buy Call for 9 October
E ( Entry) : 0.755 ( Closed at or above it)
S ( Stop Loss) : 0.67           
P ( Profit) :0.82
RRR (Risk to Reward Ratio) = 1 (Average)


Next Resistance at  0.68 / 0.75 / 0.83 / 0.877
Support at 0.635 / 0.615 / 0.59 / 0.53
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