The Stock Library
Scomi going up after formed a hammer
Edwin Toh
Publish date: Mon, 22 Oct 2012, 07:31 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 the 18 October, it formed a hammer or doji at the bottom and continue with 2 white candle.
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed higher low (Bullish)
3) MACD - Formed 4R2G(Bullish)
4) RSI - Rebound from 50% and testing 70% (Slightly Bullish). If break above 70% it will be bullish
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Formed a Bullish Engulfing ( Bullish)
Conclusion:
Bullish
Buy call from 8 October
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 0.4/0.35 / 0.32 / 0.3 / 0.28
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed higher low (Bullish)
3) MACD - Formed 4R2G(Bullish)
4) RSI - Rebound from 50% and testing 70% (Slightly Bullish). If break above 70% it will be bullish
5) STO - Formed Bullish crossover and broke above 50% (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 Bullish Engulfing ( Bullish)
Conclusion:
Bullish
Buy call from 8 October
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 0.4/0.35 / 0.32 / 0.3 / 0.28
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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....
Fat Cat Tim Buddy
ya thor hammer, and son of dogi, and mother doji, super uptrend wahahahha
2012-10-22 20:07