Amedia is currently in the bollinger band squeeze for 1 week and awaiting the right signal to boom up or down.. Those who are holding it be prepared for any surprises whether it is good or bad..
Indicators
1) Trendline - Side way trend between 0.465 and 0.315
2) Support/Resistance - Formed lower high (Bearish)
3) MACD - Waiting for 4R1G signal
4) RSI -Stagnant at the 55% to 65 %.. If break above 70% will indicate bullish and retrace toward 50% will indicate bearish
5) STO - Bearish Crossover and retracing towards 50% (Bearish)
6) Ichimoku - a) Price below support cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Chart Pattern - Bollinger Squeeze.. Bandwidth at the lowest level and waiting to bollinger band breakout
Conclusion:
Bearish - Waiting for 4R1G signal accompany with bollinger band breakout above..
Risky Breakout but big gain
E ( Entry) : 0.4 ( Ensure closed above this price)
S ( Stop Loss) : 0.36
P ( Profit) : 0.455
RRR (Risk to Reward Ratio) = 1.37 (Average)
E ( Entry) : 0.4( Ensure closed above this price)
S ( Stop Loss) : 0.36
P ( Profit) : 0.5
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding )
E ( Entry) : 0.4 ( Ensure closed above this price)
S ( Stop Loss) : 0.36
P ( Profit) : 0.61
RRR (Risk to Reward Ratio) = 5.25 (Rewarding )
Slow and Steady Buy Call
E ( Entry) : 0.47 ( Ensure closed above this price)
S ( Stop Loss) : 0.40
P ( Profit) : 0.59
RRR (Risk to Reward Ratio) = 1.71 (Slightly Rewarding)
Resistance at 0.4 / 0.465 0.52
Support at 0.385 / 0.32 / 0.3
glam
best time to enter.call buy on monday
2012-11-18 00:24