The Stock Library
MYEG testing to break above the ICHO cloud
Edwin Toh
Publish date: Sun, 04 Nov 2012, 08:26 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..
Let check on the stock analysis for MYEG
Indicators
1 ) Trendline - Broke above the down trendline (Bullish )
2) Support/Resistance - Awaiting for higher high signal..
3) MACD - 4G1R (Bearish)
4) RSI - Declining towards 50% (Bearish) .If rebound from 50% bulllish if vice versa bearish..
5) STO -Bullish Crossover and inclining towards 80% (Bullish ) .
6) Ichimoku - a) Inside the support cloud . If break above it will indicate bullish
b) Conversion line same as the base line . If Conversion break above will indicate bullish
c) Price above the baseline (Bullish )
7) Candlestick - Black candle as a doji.. Bearish
Conclusion:
Bullish -
Entry Price at 0.8
Stop Loss at 0.775
Take Profit at 0.82
Risk to Reward Ration ( RRR) =0.8 (Risky)
Entry Price at 0.8
Stop Loss at 0.775
Take Profit at 0.84
Risk to Reward Ration ( RRR) =1.6 (Average)
Entry Price at 0.8
Stop Loss at 0.775
Take Profit at 0.855
Risk to Reward Ration ( RRR) =2.2 (Rewarding)
Resistance - 0.785/ 0.795 / 0.82 / 0.855 / 0.865
Support - 0.76 / 0.74 / 0.725 / 0.72
Indicators
1 ) Trendline - Broke above the down trendline (Bullish )
2) Support/Resistance - Awaiting for higher high signal..
3) MACD - 4G1R (Bearish)
4) RSI - Declining towards 50% (Bearish) .If rebound from 50% bulllish if vice versa bearish..
5) STO -Bullish Crossover and inclining towards 80% (Bullish ) .
6) Ichimoku - a) Inside the support cloud . If break above it will indicate bullish
b) Conversion line same as the base line . If Conversion break above will indicate bullish
c) Price above the baseline (Bullish )
7) Candlestick - Black candle as a doji.. Bearish
Conclusion:
Bullish -
Entry Price at 0.8
Stop Loss at 0.775
Take Profit at 0.82
Risk to Reward Ration ( RRR) =0.8 (Risky)
Entry Price at 0.8
Stop Loss at 0.775
Take Profit at 0.84
Risk to Reward Ration ( RRR) =1.6 (Average)
Entry Price at 0.8
Stop Loss at 0.775
Take Profit at 0.855
Risk to Reward Ration ( RRR) =2.2 (Rewarding)
Resistance - 0.785/ 0.795 / 0.82 / 0.855 / 0.865
Support - 0.76 / 0.74 / 0.725 / 0.72
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