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RSAWIT showing signs of higher low..

Edwin Toh
Publish date: Sun, 04 Nov 2012, 01:47 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..
Will Rsawit formed a higher low and bullish uptrend again...

Previous buy call on Oct 04 2012

Entry Price at  0.945
Stop Loss at 0.89
Take Profit at  0.965
Risk to Reward Ration ( RRR) = 0.36 (Risky)  ( Met Target)

Entry Price at  0.945
Stop Loss at 0.89
Take Profit at  0.99
Risk to Reward Ration ( RRR) = 0.82 (Slightly Risky) - FAIL ( Highest was 0.98)

Entry Price at  0.945
Stop Loss at 0.89
Take Profit at  1.06
Risk to Reward Ration ( RRR) = 2 (RewardingFAIL ( Highest was 0.98)

Let check the stock analysis chart for RSAWIT on 2 November 2012





Indicators
1 ) Trendline -  Broke above the down trendline (Bullish )
 2)  Support/Resistance - Awaiting for higher low with doji signal... If white candle on the Monday will indicate a higher low which it is bullish signal..
3) MACD - Waiting for 4R1G signal for bullish signal 
4) RSI - Declining towards 50%  (Bearish)  .If rebound from 50% bulllish if vice versa bearish..
5) STO -Broke below 50% (Bearish)  .If rebound from 20% and it will indicate more bullish
6) Ichimoku - a) Below resistance cloud (Bearish). 
                       b) Conversion line above the base line (Bullish ). 
                       c) Price below the baseline ( Bearish)
7) Candlestick - Formed a Doji.. if 
   a) White Candle on the following day - Bullish ( Bullish Reversal)
   b) Black Candle on the following day - Bearish.. ( Continue to bearish)


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Conclusion:
Bullish - 

Entry Price at  0.95
Stop Loss at 0.92
Take Profit at  0.98
Risk to Reward Ration ( RRR) =1 (Average)


Entry Price at  0.95
Stop Loss at 0.92
Take Profit at  1.03
Risk to Reward Ration ( RRR) = 2.67(Rewarding)



Entry Price at  0.95
Stop Loss at 0.92
Take Profit at  1.06
Risk to Reward Ration ( RRR) = 3.67 (Rewarding)


Resistance - 0.945 / 0.96 / 0.99 / 1.00 / 1.02
Support      - 0.925 / 0.905 / 0.86 / 0.835




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