The Stock Library
SKPETRO formed higher low
Edwin Toh
Publish date: Tue, 13 Nov 2012, 01:58 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..
Believe many investor who follow the buy call on previous buy manage to earn some money even thought it went up more than expected but in trading winning is winning :).. It is always better to be positive than negative.
Previous buy call
Buy Call on the 13 October
E ( Entry) :2.44 ( Closed at or above it)
Buy Call on the 31 October 2012
Now it is another round of chance.
2) Support/Resistance - formed higher high and low ( Bullish)
3) MACD - Postive (Bullish) Waiting for 4R1G signal for more bullish attack
4) RSI - Rebound from 7 0% (Bullish)
c) Price above the baseline ( Bullish)
7) Candle stick - a white candle after dragonfly doji .. Click here to understand more
Conclusion:
Bullish -
E ( Entry) :2.90 ( Closed at or above it)
Previous buy call
Buy Call on the 13 October
E ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42
P ( Profit) :2.47
RRR (Risk to Reward Ratio) = 1.5 (Average)
E ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42
P ( Profit) :2.51
RRR (Risk to Reward Ratio) = 3.5 (Rewarding)
E ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42
P ( Profit) :2.53
RRR (Risk to Reward Ratio) = 4.5 (Rewarding)
Buy Call on the 31 October 2012
E ( Entry) :2.54( Closed at or above it)
S ( Stop Loss) : 2.5
P ( Profit) :2.63
RRR (Risk to Reward Ratio) = 2.25 (Rewarding)
Now it is another round of chance.
Indicators
1) Trendline - above the Uptrend (Bullish)2) Support/Resistance - formed higher high and low ( Bullish)
3) MACD - Postive (Bullish) Waiting for 4R1G signal for more bullish attack
4) RSI - Rebound from 7 0% (Bullish)
5) STO - Broke below 80%(Bearish) . Waiting for break above 80%
6) Ichimoku - a) Broke Above support cloud (Bullish).
b) Conversion line above the base line (Bullish). c) Price above the baseline ( Bullish)
7) Candle stick - a white candle after dragonfly doji .. Click here to understand more
Conclusion:
Bullish -
E ( Entry) :2.90 ( Closed at or above it)
S ( Stop Loss) : 2.8
P ( Profit) : 3
RRR (Risk to Reward Ratio) = 1(Average)
E ( Entry) :2.90 ( Closed at or above it)
S ( Stop Loss) : 2.8
P ( Profit) : 3.05
RRR (Risk to Reward Ratio) = 1.5 (Average)
Resistance = 2.89 / 2.93 / 3.08 / 3.33
SUPPORT AT 2.83 / 2.8 / 2.73 / 2.68 / 2.65
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AlbertLim
good .... I like Skpetro... good blog Edwin... love to read all yr post. TQ
2012-11-13 16:11