The Stock Library
GPACKET hovering at 0.605 support/resistance
Edwin Toh
Publish date: Mon, 05 Nov 2012, 08:18 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..
After the breakout from the bullish pennant it retraces back to the support at 0.605 and hovering between there for few days..
Let check on the Stock Analysis Chart on 05 November 2012
2) Support/Resistance - formed higher high ( Bullish)
3) MACD - Bullish and Bearish signal meeting.. If 4R1G it will indicate bullish reversal..
4) RSI - Testing 70% if rebound will indicate bullish
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
Conclusion:
Bullish -
Let check on the Stock Analysis Chart on 05 November 2012
Indicators
1) Trendline - above the Uptrend (Bullish)2) Support/Resistance - formed higher high ( Bullish)
3) MACD - Bullish and Bearish signal meeting.. If 4R1G it will indicate bullish reversal..
4) RSI - Testing 70% if rebound will indicate bullish
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)
Conclusion:
Bullish -
E ( Entry) : 0.61 ( Ensure closed above this price)
S ( Stop Loss) : 0.56
P ( Profit) : 0.67
RRR (Risk to Reward Ratio) = 1.2 (Slightly Rewarding)
E ( Entry) : 0.61 ( Ensure closed above this price)
S ( Stop Loss) : 0.57
P ( Profit) : 0.69
RRR (Risk to Reward Ratio) = 1.6 (Slightly Rewarding)
E ( Entry) : 0.61 ( Ensure closed above this price)
S ( Stop Loss) : 0.57
P ( Profit) : 0.725
RRR (Risk to Reward Ratio) = 2.3 (Rewarding)
Resistance at 0.635 /0.66 / 0.68 / 0.7 / 0.72 / 0.735 / 0.755 / 0.78 / 0.815 ( Target bullish Pennant Breakout)
Support at 0.605 / 0.57 / 0.5
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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