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CARLSBERG possible forming a higher low

Edwin Toh
Publish date: Sun, 11 Nov 2012, 09:50 AM
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..


Carlsberg , one of one my favourite company .. Just love the beers yummy.. Posting this counter for my fellow reader who requested for a technical analysis check for this counter.. This counter formed a higher high and also just recently gave out a dividend.









Indicators
1 ) Trendline - above the uptrend line .. ( Bullish)
2)  Support/Resistance - Formed higher high and in progress of forming higher low ( Bullish
3) MACD - MACD line meeting. If MACD 4R1G with blue rebounding upwards will indicate further bullish
4) RSI - Broken below 70% (Bearish) ,
5) STO - Broke below 80% and bearish crossover (Bearish)
6) Ichimoku -  a) Price above  the support cloud Bullish)
                       b) Conversion line  above the base line Bullish)
                       c) Price close below the baseline Bullish)
7) Candlestick pattern - Bullish Piercing (bullish). If on Nov 12, closed with another white candle will confirmed the bullish reversal.
8) Company performance - Earning positive trend and positive dividend





















Conclusion:
Bullish -


Support rebound play
E ( Entry) :12.85 ( Closed at or above it)  -
S ( Stop Loss) : 12.4 
P ( Profit) :13.15
RRR (Risk to Reward Ratio) = 0.67 (RISKY)

E ( Entry) :12.85 ( Closed at or above it)  -
S ( Stop Loss) : 12.4 
P ( Profit) :13.70
RRR (Risk to Reward Ratio) = 1.89 (Average)


Uptrend play
E ( Entry) :13 ( Closed at or above it)  -
S ( Stop Loss) : 12.7 
P ( Profit) :13.7
RRR (Risk to Reward Ratio) = 2.33 (Slightly Rewarding)



Resistance-  12.81/  12.99/ 13.81
Support -   12.5 / 12.19 / 11.85
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