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GPACKET testing the steep cliff..

Edwin Toh
Publish date: Thu, 08 Nov 2012, 08:06 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..
Sadly, GPACKET did not formed a higher low at 0.61 and now it is a the next support at 0.57.





ndicators
1) Trendline -  above the Uptrend (Bullish)
2)  Support/Resistance - formed higher high ( Bullish)
3) MACD - Bearish Crossover  (Bearish
4) RSI -  Broke below 50% (Bearish
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  0.605 / 0.635 /0.66 / 0.68 / 0.7 / 0.72 / 0.735 / 0.755 / 0.78 / 0.815 ( Target bullish Pennant Breakout)

Support   at  0.57 / 0.5






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