The Stock Library
SYF formed a hammer at 20d Ma
Edwin Toh
Publish date: Mon, 05 Nov 2012, 08:30 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..
It seems that it has been a long time since SYF went up with big volume after 17 October.. After reaching the highest at 0.8 ( Peak of the bollinger band) it retraces to the next support at 0.74..
Let check the stock Analysis Chart at 05 November 2012
2) Support/Resistance - Awaiting for Higher low at 0.74
3) MACD - Negative (Bearish)
4) RSI - Broke below 70% (Bearish)
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Chart Pattern - Formed a hammer at 20d Ma at 0.75 ( Bullish)
Conclusion:
Bullish -
Let check the stock Analysis Chart at 05 November 2012
Indicators
1) Trendline - Moving Side ways -- Awaiting to rebound from 0.74 support2) Support/Resistance - Awaiting for Higher low at 0.74
3) MACD - Negative (Bearish)
4) RSI - Broke below 70% (Bearish)
5) STO - Broke below 80%(Bearish)
6) Ichimoku - a) Broke Above support cloud (Bullish). b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Chart Pattern - Formed a hammer at 20d Ma at 0.75 ( Bullish)
Conclusion:
Bullish -
E ( Entry) : 0.77 ( Ensure closed above this price)
S ( Stop Loss) : 0.73
P ( Profit) : 0.81
RRR (Risk to Reward Ratio) = 1. (Average)
E ( Entry) : 0.77 ( Ensure closed above this price)
S ( Stop Loss) : 0.73
P ( Profit) : 0.86
RRR (Risk to Reward Ratio) = 2.25 (Slightly Rewarding)
Resistance at 0.8 / 0.825 / 0.875 / 0.915
Support at 0.74 / 0.69 / 0.64
Always be cautious that if KLSE break below 1649 it will probably drag all the counter bottom and will negate the Technical Analysis breakout..
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