The Stock Library
ALAM - Shooting Star with high volume occurred..
Edwin Toh
Publish date: Sat, 03 Nov 2012, 01:28 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 Friday, a shooting star was formed and it is a bearish signal for candlestick pattern. What is shooting star.. Click here..
Let check the stock analysis for ALAM MARITIM on 2 Nov 2012.
2) Support/Resistance - Formed higher high (Bullish)
3) MACD -3G4R (Bearish) . Waiting for 4R1G for a bullish signal
4) RSI - Overbought region and declining towards 70% (Bearish) .Bearish signal getting stronger
5) STO - Bearish Crossover and and declining toward 80%(Bearish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Shooting Star Formed at the resistance of 0.73. ( Bearish).
Conclusion:
Bullish -
Let check the stock analysis for ALAM MARITIM on 2 Nov 2012.
Indicators
1) Trendline - Broke above the Uptrendline (Bullish)2) Support/Resistance - Formed higher high (Bullish)
3) MACD -3G4R (Bearish) . Waiting for 4R1G for a bullish signal
4) RSI - Overbought region and declining towards 70% (Bearish) .Bearish signal getting stronger
a) More Bullish- it rebound from 70% and incline again
b) More Bearish- If break below 80%
5) STO - Bearish Crossover and and declining toward 80%(Bearish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Shooting Star Formed at the resistance of 0.73. ( Bearish).
Conclusion:
Bullish -
E ( Entry) :0.745 ( Closed at or above it)
S ( Stop Loss) : 0.715
P ( Profit) :0.77
RRR (Risk to Reward Ratio) = 0.83 (RISKY)
Another plan is to wait for it to retrace and formed another higher low at the support 0.645
Resistance at 0.715 / 0.73 / 0.78 / 0.79 / 0.815
Support at 0.695 / 0.67 / 0.645 / 0.59Related Stocks
| Chart | Stock Name | Last | Change | Volume |
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