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JCY formed higher low

Edwin Toh
Publish date: Thu, 15 Nov 2012, 04:02 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..
Following Message
After spotting this counter 8 November when it was retracing towards to the next support at 0.74. It nearly touched it and formed a higher low with a hammer ..




Indicators
1) Trendline - Broke above the Side trend (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -Waiting to 4R1G for more bullish confirmation
4) RSI - Broke above (Bullish)
5) STO - Bullish Crossover (Bullish) . If break above 80% will indicate more bullish
6) Ichimoku - a)   Below  support cloud but heading towards it  (Slightly Bullish).
                       b) Conversion line above the base line . ( Bullish)
                       c) Price above the baseline ( Bullish)




Conclusion:
Bullish - 
Reach the initial entry price but it would be great if it can break above 0.795 and 0.815  which would gives a 4R1G MACD signal which will double confirm on the bullish run.. Just take precaution if it hits the 0.795 and and reverse..

E ( Entry) :0.78( Meet the entry price on Nov 14)
S ( Stop Loss) : 0.72
P ( Profit) :0.89
RRR (Risk to Reward Ratio) =1.83 (Rewarding)
E ( Entry) :0.81( Closed at or above it)
S ( Stop Loss) : 0.77
P ( Profit) :0.89
RRR (Risk to Reward Ratio) =2 (Rewarding)


Resistance at 0.795 / 0.82 / 0.91 / 1.01/ 1.06 
Support   at 0.74 / 0.7 / 0.65 / 0.615
JCY (5161)
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ESOS - 52,500 shares.

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Discussions
Be the first to like this. Showing 3 of 3 comments

AlbertLim

nice.....

2012-11-15 22:52

Edwin Toh

This morning observation 0.8 (5000 lots) and 0.815(3000 lots) look like today big resistance which need to be overcome before going up further

2012-11-16 12:11

Edwin Toh

Right on target by breaking above the resistance of 0.815 :)

2012-11-20 16:33

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