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Perisai formed a symmetrical triangle

Edwin Toh
Publish date: Thu, 08 Nov 2012, 08:31 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..
Perisai slowly testing the resistance of 1.06 and hopefully with good market sentiment will assist it to break above it..




Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R3G (Bullish)
4) RSI - Broke above 50% (Bullish)  .If breaks above 70% will indicate more bullish
5) STO - Bullish Crossover and  broke above 20%(Bullish).
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Matching High. (
Bearish ).
8) Pattern - Symmetrical Triangle with declining volume. What is that.. Click here for info..




Conclusion:
Bullish -
E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.11
RRR (Risk to Reward Ratio) = 0.75 (RISKY)


E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.13
RRR (Risk to Reward Ratio) = 1.25 (Average)


E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.18
RRR (Risk to Reward Ratio) = 2.5 (Rewarding)

E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.21 (Breakout Symmetrical Triangle)
RRR (Risk to Reward Ratio) = 2.5 (Rewarding)


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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