The Stock Library
Perisai Broke out from Symmetrical Triangle
Edwin Toh
Publish date: Sun, 18 Nov 2012, 12:27 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..
Perisai has broke below the symmetrical triangle and touch the 1.02 and then bounce back up with a gap up to break the upper symmetrical triangle
Indicators
Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low and higher high (Bullish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 50% (Bullish) .If breaks above 70% will indicate more bullish
5) STO - Bullish Crossover and broke above 50%(Bullish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Gap Up ( Bearish ).
2) Support/Resistance - Formed higher low and higher high (Bullish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 50% (Bullish) .If breaks above 70% will indicate more bullish
5) STO - Bullish Crossover and broke above 50%(Bullish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Gap Up ( Bearish ).
8) Pattern - Symmetrical Triangle with declining volume. What is that.. Click here for info..
Conclusion:
Bullish -
Conclusion:
Bullish -
E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04
P ( Profit) :1.11
RRR (Risk to Reward Ratio) = 0.75 (RISKY)
E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04
P ( Profit) :1.13
RRR (Risk to Reward Ratio) = 1.25 (Average)
E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04
P ( Profit) :1.18
RRR (Risk to Reward Ratio) = 2.5 (Rewarding)
E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04
P ( Profit) :1.21 (Breakout Symmetrical Triangle)
RRR (Risk to Reward Ratio) = 2.5 (Rewarding)
Resistance 1.15 / 1.16/ 1.2 / 1.23 / 1.25
Support 1.11 / 1.06 / 1.02 / 0.995 / 0.97 / 0.93
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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....
