Will Rsawit formed a higher low and bullish uptrend again...
Previous buy call on Oct 04 2012
Entry Price at 0.945Stop Loss at 0.89Take Profit at 0.965Risk to Reward Ration ( RRR) = 0.36 (Risky) ( Met Target)
Entry Price at 0.945Stop Loss at 0.89Take Profit at 0.99Risk to Reward Ration ( RRR) = 0.82 (Slightly Risky) - FAIL ( Highest was 0.98)
Entry Price at 0.945Stop Loss at 0.89Take Profit at 1.06Risk to Reward Ration ( RRR) = 2 (Rewarding) FAIL ( Highest was 0.98)
Let check the stock analysis chart for RSAWIT on 2 November 2012
Indicators1 ) 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 bullish6) 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)
Conclusion:Bullish -
Entry Price at 0.95Stop Loss at 0.92Take Profit at 0.98Risk to Reward Ration ( RRR) =1 (Average)
Entry Price at 0.95Stop Loss at 0.92Take Profit at 1.03Risk to Reward Ration ( RRR) = 2.67(Rewarding)
Entry Price at 0.95Stop Loss at 0.92Take Profit at 1.06Risk 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