The Stock Library
Dayang potentially forming higher low
Edwin Toh
Publish date: Tue, 13 Nov 2012, 09:40 AM
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..
Dayang quarterly result is around the corner at 19 Nov to 23 Nov.. Will this the reason investor are grabbing this counter in confidence that it will perform better..
Indicators
Conclusion:
Bullish -
Support rebound play
Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2) Support/Resistance - Formed higher high and in progress of forming higher low ( Bullish)
2) Support/Resistance - Formed higher high and in progress of forming higher low ( Bullish)
3) MACD - Formed 4R1G ( Bullish) . If continued with another green signal/ white candle will confirm more bullish
4) RSI - Retracing towards 50% (Bearish) , If rebound above 50% with a white candle on next trading day will confirm more bullish
4) RSI - Retracing towards 50% (Bearish) , If rebound above 50% with a white candle on next trading day will confirm more bullish
5) STO - Both signal are meeting each other above hte 20%. If bullish crossover on next trading day will confirm more bullish
6) Ichimoku - a) Price above the support cloud ( Bullish)
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 Engulfing (bullish).
c) Price close below the baseline ( Bullish)
7) Candlestick pattern - Bullish Engulfing (bullish).
8) Company performance - Earning positive trend and positive dividend
Bullish -
Support rebound play
E ( Entry) 2.23 ( Closed at or above it) -
S ( Stop Loss) : 2.19
P ( Profit) :2.27
RRR (Risk to Reward Ratio) = 1 (Average)
E ( Entry) 2.23 ( Closed at or above it) -
S ( Stop Loss) : 2.19
P ( Profit) :2.34
RRR (Risk to Reward Ratio) = 2.75 (Rewarding)
Resistance- 2.25 / 2.28 / 2.36
Support - 2.22 / 2.2 / 2.16 / 2.12
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