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Red tone hit entry price at 0.395..

Edwin Toh
Publish date: Thu, 08 Nov 2012, 08:40 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..
Red tone hit entry price at 0.395.. will tomorrow market sentiment is good enough to assist in pushing it up to our target price..?



Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD - If Bullish Crossover will indicate further bullish
4) RSI -  .If breaks above 50% will indicate more bullish
5) STO - Bullish Crossover and  broke above 50%(Bullish).
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)



Conclusion:
Bullish -
E ( Entry) :0.395 ( Closed at or above it)
S ( Stop Loss) : 0.375
P ( Profit) :0.425
RRR (Risk to Reward Ratio) = 1.5 (Average)

Bullish -
E ( Entry) :0.395 ( Closed at or above it)
S ( Stop Loss) : 0.375
P ( Profit) :0.435
RRR (Risk to Reward Ratio) = 2 (Average)



Resistance 1.11/ 1.15 / 1.16/ 1.2 / 1.23 / 1.25
Support   1.06 / 1.02 / 0.995 / 0.97 / 0.93
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Be the first to like this. Showing 2 of 2 comments

djibaok

your resistance and support price is OFF THE CHARTS, man!

2012-11-08 21:11

Edwin Toh

oops sorry :)

2012-11-08 21:14

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