The Stock Library
RSAWIT - Formed double weak hammer
Edwin Toh
Publish date: Sun, 18 Nov 2012, 12:50 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..
After RSAWIT failed to formed a higher low on the 5 November it went down to the next support at the 0.905 and formed double weak hammer at 0.91.
Indicators
1 ) Trendline - Broke above the down trendline (Bullish )
2) Support/Resistance -Formed double hammer on the supports.. If rebound will indicate a higher low which it is bullish signal..
3) MACD - Formed 4R1G (Bullish )
4) RSI - Broke below 30% (Bearish)
5) STO -Bullish Crossover (Bullish ) .If rebound from 20% and it will indicate more bullish
6) Ichimoku - a) Below resistance cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick - Formed double hammer and waiting for bullish continuation confirmation after a white candle
Indicators
1 ) Trendline - Broke above the down trendline (Bullish )
2) Support/Resistance -Formed double hammer on the supports.. If rebound will indicate a higher low which it is bullish signal..
3) MACD - Formed 4R1G (Bullish )
4) RSI - Broke below 30% (Bearish)
5) STO -Bullish Crossover (Bullish ) .If rebound from 20% and it will indicate more bullish
6) Ichimoku - a) Below resistance cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick - Formed double hammer and waiting for bullish continuation confirmation after a white candle
Conclusion:
Bullish -
Entry Price at 0.93
Stop Loss at 0.90
Take Profit at 0.95
Risk to Reward Ration ( RRR) =0.67 (Risky)
Entry Price at 0.93
Stop Loss at 0.90
Take Profit at 0.97
Risk to Reward Ration ( RRR) =1.33 (Average)
Entry Price at 0.93
Stop Loss at 0.90
Take Profit at 1.06
Risk to Reward Ration ( RRR) = 4.33 (Rewarding)
Resistance - 0.925 / 0.945 / 0.96 / 0.99 / 1.00 / 1.02
Bullish -
Entry Price at 0.93
Stop Loss at 0.90
Take Profit at 0.95
Risk to Reward Ration ( RRR) =0.67 (Risky)
Entry Price at 0.93
Stop Loss at 0.90
Take Profit at 0.97
Risk to Reward Ration ( RRR) =1.33 (Average)
Stop Loss at 0.90
Take Profit at 1.06
Risk to Reward Ration ( RRR) = 4.33 (Rewarding)
Resistance - 0.925 / 0.945 / 0.96 / 0.99 / 1.00 / 1.02
Support - 0.905 / 0.86 / 0.835
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on The Stock Library
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-07-31 16:25:00
ADX
5 Mins
SELL
2024-07-31 16:05:00
EMA 5
5 Mins
SELL
2024-07-31 16:00:00
EMA 5
10 Mins
SELL
2024-07-31 16:00:00
MACD/RSI
10 Mins
SELL
2024-07-31 15:00:00
EMA 5
10 Mins
BUY
Apps
Top Articles
1
Stock Pick Contest Year 2024
2
https://dividendguy67.blogspot.com
3
Koon Yew Yin's Blog
4
5
save malaysia!
6
Mercury Securities Research
7
Good Articles to Share
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
