The Stock Library
Alam Broke the support at 0.715
Edwin Toh
Publish date: Sat, 10 Nov 2012, 12:15 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..
We thought Alam was able to formed a higher low at 0.715 support with the Bullish Harami Cross on 07 November but however it was not able to sustain and plunge down 0.665
2) Support/Resistance - Formed higher high (Bullish)
3) MACD -Bearish Crossover (Bearish)
4) RSI - Broke below 70% (Bearish)
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Company Performance - Earning returning to positive and next result will be around the corner at 19 November onwards..
Conclusion:
Bullish -
Let wait for the next higher low which is higher at 0.59 (Previous higher low)
Previous Buy Call on 07 November
Indicators
1) Trendline - Broke below the Uptrendline and now sideways.. and on 09 Nov it started to formed a downtrend line if continue to bear 2) Support/Resistance - Formed higher high (Bullish)
3) MACD -Bearish Crossover (Bearish)
4) RSI - Broke below 70% (Bearish)
5) STO - Broke below 80%. (Bearish)
6) Ichimoku - a) Above support cloud (Bullish).b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Company Performance - Earning returning to positive and next result will be around the corner at 19 November onwards..
Conclusion:
Bullish -
Let wait for the next higher low which is higher at 0.59 (Previous higher low)
Previous Buy Call on 07 November
E ( Entry) :0.74 ( Closed at or above it) - Failed to meet entry price
S ( Stop Loss) : 0.715
P ( Profit) :0.77
RRR (Risk to Reward Ratio) = 0.83 (RISKY)
NEW
E ( Entry) :0.68( Closed at or above it)
S ( Stop Loss) : 0.64
P ( Profit) :0.73
RRR (Risk to Reward Ratio) = 1.25 (Average)
E ( Entry) :0.68( Closed at or above it)
S ( Stop Loss) : 0.64
P ( Profit) :0.77
RRR (Risk to Reward Ratio) = 2.25 (Slightly Rewarding)
Resistance at 0.67 / 0.695 / 0.715 / 0.735 / 0.78 / 0.79 / 0.815
Support at 0.645 / 0.59 Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
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