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Alam formed a bullish harami after matching low.

Edwin Toh
Publish date: Wed, 07 Nov 2012, 10:44 PM
Edwin Toh
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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..
Alam retrace to 0.715 after forming at shooting star at the peak at 0.75 .. After forming 2 days of matching low it ended up with a bullish harami cross.. What is Harami Cross?? Click here




Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher high  (Bullish)
3) MACD -Waiting for 4R1G and both line are meeting each other.
4) RSI - Rebound from 70% and inclining (Bullish)
5) STO - Hovering around 80%. If rebound above it will be bullish
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Harami Cross after matching low ( Bullish).






Conclusion:
Bullish -
E ( Entry) :0.74 ( Closed at or above it)
S ( Stop Loss) : 0.715  
P ( Profit) :0.77
RRR (Risk to Reward Ratio) = 0.83 (RISKY)



Resistance at 0.715 / 0.735 / 0.78 / 0.79 / 0.815 
Support   at 0.695 / 0.67 / 0.645 / 0.59
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