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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
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