The Stock Library
Will JCY rebound and formed a higher low?
Edwin Toh
Publish date: Thu, 08 Nov 2012, 08:16 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..
Formed a hammer on the support at 0.74. Possible hinting us that it might bounce up by forming a high low if market sentiment is positive. For example for today, the whole Asia Market sentiment was bearish and as for KLSE ( 218 counter up and 458 counter down) . This plays a major role regardless if using Technical Analysis or Fundamental Analysis..
2) Support/Resistance - Formed higher high (Bullish)
3) MACD -Positive (Bullish) . Watchout for bearish signal such as 4G1R
4) RSI - If break above 70% will indicate bullish
b) Conversion line meeting the base line . It will be bullish if break above the baseline
c) Price above the baseline ( Bullish)
Conclusion:
Bullish -
Indicators
1) Trendline - Broke above the Sideline(Bullish)2) Support/Resistance - Formed higher high (Bullish)
3) MACD -Positive (Bullish) . Watchout for bearish signal such as 4G1R
4) RSI - If break above 70% will indicate bullish
5) STO - Bearish Crossover (Bearish).
6) Ichimoku - a) Below support cloud (Bearish).b) Conversion line meeting the base line . It will be bullish if break above the baseline
c) Price above the baseline ( Bullish)
Conclusion:
Bullish -
E ( Entry) :0.78( Closed at or above it)
S ( Stop Loss) : 0.72
P ( Profit) :0.89
RRR (Risk to Reward Ratio) =1.83 (Rewarding)
E ( Entry) :0.81( Closed at or above it)
S ( Stop Loss) : 0.77
P ( Profit) :0.89
RRR (Risk to Reward Ratio) =2 (Rewarding)
Resistance at 0.82 / 0.91 / 1.01/ 1.06
Support at 0.74 / 0.7 / 0.65 / 0.615Related Stocks
| Chart | Stock Name | Last | Change | Volume |
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